Question 1035 of 287 · Texas Life, Accident and Health Agent Exam
A policyowner wants permanent protection with the lowest possible premium that is guaranteed never to change. Which policy fits best?
Exactly one answer is correct.
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Correct answer to question 1035
- C: Ordinary whole life paid to age 100
Explanation
Ordinary whole life spreads premiums over the insured's whole life, so its level premium is the lowest among the permanent forms with fixed premiums. Limited pay and single premium forms are paid sooner and cost more per year.
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