Term life insurance tends to have higher premiums than other life insurance plans.

Name: Term life insurance tends to have higher premiums than other life insurance plans.
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Question

Quizplus · Accepted Answer

Actually, term life insurance tends to have lower premiums compared to other life insurance plans such as whole life insurance or universal life insurance. This is because term life insurance provides coverage for a specific period of time (a "term") and does not have a cash value component like other types of life insurance.

Term Life Insurance Tends to Have Higher Premiums Than Other