Which of the following life insurance policies would have the lowest premium for a male age 40?

Question

Quizplus · Accepted Answer

Level term policies typically have the lowest premiums among life insurance policies as they provide coverage for a specific term, without any cash value or investment component. As the male in this scenario is 40 years old, he would likely qualify for competitive premium rates with a level term policy. Whole life policies (both continuous premium and paid-up) and variable life policies generally come with higher premiums due to the investment or cash value components they offer.

Which of the Following Life Insurance Policies Would Have the Lowest