Modified life insurance is primarily designed for people whose life insurance needs are high but who cannot yet afford the high cost of cash-value life insurance.

Question

Modified life insurance is primarily designed for people whose life insurance needs are high but who cannot yet afford the high cost of cash-value life insurance.​

Quizplus · Accepted Answer

Modified life insurance is designed for people who want the protection of life insurance but cannot yet afford the higher cost of whole life or universal life insurance policies. This type of policy typically starts with lower premiums and gradually increases over time, allowing policyholders to adjust their coverage as their financial situation improves.

Modified Life Insurance Is Primarily Designed for People Whose Life