A 10-year term life policy will cost ____ a 5-year renewable term policy during the early years of the 10-year period,other factors being equal.

Question

Quizplus · Accepted Answer

A 10-year term life policy will typically have higher premiums during the early years compared to a 5-year renewable term policy because the coverage extends for a longer duration. As the policy approaches the end of the term, the premium for the renewable term policy can be higher than that for the 10-year term life policy. However, since the question only refers to the early years, we can conclude that the 10-year term life policy will cost more than the 5-year renewable term policy.

A 10-Year Term Life Policy Will Cost ____ a 5-Year