Which of the following statements about industrial life insurance (also called home service life insurance)policies is true?

Question

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Industrial life insurance policies are typically smaller policies sold door-to-door to lower-income families. They are often cash value policies, meaning that they have a savings component that builds over time in addition to the life insurance benefit. Option A is incorrect, as industrial life insurance policies typically have face values of $1,000 to $10,000. Option C is incorrect, as industrial life insurance is marketed to individuals, not employers. Option D is also incorrect, as industrial life insurance sales have declined in recent years and only account for a small percentage of total life insurance sales.

Which of the Following Statements About Industrial Life Insurance (Also