The annual premiums for limited-pay policies are lower than those for whole-life policies,other factors being equal.

Name: The annual premiums for limited-pay policies are lower than those for whole-life policies,other factors being equal.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Limited-pay policies typically have higher annual premiums than whole-life policies because the premium payments are condensed into a shorter period while still covering the insured's entire life.

The Annual Premiums for Limited-Pay Policies Are Lower Than Those