The life insurance policy which tends to have the lowest premiums for the greatest amount of coverage is:

Question

Quizplus · Accepted Answer

Term life insurance typically has the lowest premiums for the greatest amount of coverage. This is because it provides coverage for a set period of time (the term), and does not build cash value like whole life insurance or universal life insurance. As a result, term life insurance is generally the most affordable option for those looking to purchase life insurance.

The Life Insurance Policy Which Tends to Have the Lowest