Cash-value insurance is more expensive than term life insurance because of the savings element included in the cash-value policy.

Name: Cash-value insurance is more expensive than term life insurance because of the savings element included in the cash-value policy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash-value insurance includes a savings component in addition to the life insurance coverage, which makes it more expensive than term life insurance that only provides basic life insurance coverage without any savings element.

Cash-Value Insurance Is More Expensive Than Term Life Insurance Because