In terms of premium cost, the most expensive type of insurance is:
A) Term
B) Straight-life
C) 09-payment life
D) 09-year endowment
E) None of these

Question

Quizplus · Accepted Answer

Endowment insurance policies, like the 09-year endowment, are typically more expensive because they combine life insurance with a savings component, guaranteeing a payout after a specific term or upon death.

In Terms of Premium Cost, the Most Expensive Type of Insurance