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Which of these is NOT considered a type of limited payment whole life insurance


What is a limited payment whole life policy?

Definition: Limited payment whole life plan entails that the insurance protection is provided until the death of the insured, however, the premiums can be paid up to a certain period of time. Description: In a limited payment whole life plan, the premiums are paid only until a chosen age.

What are 4 types of whole life policies?

Whole life insurance has several variations, including limited payment, modified, single-premium, and variable whole life. Different types offer alternative payment options or investment methods.

What is a limited payment whole life policy quizlet?

" Limited payment whole life policies provide life insurance protection for the insured's entire life, but premiums are paid for a limited period of time, such as 20 or 25 years."

Which of the following is an example of a limited life policy?

A limited-pay life policy requires the policyholder to pay premiums for a limited number of years, but its coverage last a lifetime. 7-pay life insurance, life paid up to 65, and policies with pre-determined time frames are some examples of a limited-pay life policy.




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