What is the most common type of life insurance policy offered by companies?

Question

Quizplus · Accepted Answer

Term life insurance is the most common type of life insurance policy offered by companies. This is because it provides coverage for a specific period of time at an affordable premium. It is also easy to understand and does not have the added complexity and cost of investment components like whole life or universal life insurance. Group life insurance may also be offered by companies, but it is typically a smaller component of the overall employee benefits package.

What Is the Most Common Type of Life Insurance Policy