Which of the following insurance policies continue for a stated period of time with the premiums increasing with the age of the insured?

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Quizplus · Accepted Answer

Term insurance is the only policy among these options that continues for a stated period of time with the premiums increasing with the age of the insured. Double indemnity is a provision that doubles the amount paid in the event of accidental death, not a policy itself. An annuity contract provides a stream of income during retirement, and the premiums paid depend on the amount of income desired and the age of the annuitant. However, the premiums do not increase with the age of the insured.

Which of the Following Insurance Policies Continue for a Stated