Which of the following $100,000 whole life insurance policies,issued by the same company to a man age 32,would require the highest first-year premium?

Question

Quizplus · Accepted Answer

The 10-payment whole life insurance policy would require the highest first-year premium because it is designed to be fully paid up after only 10 years. This means that the premiums are much higher than those of policies that spread the payments over a longer period, such as continuous premium (ordinary) life, whole life paid-up at 65, or 20-payment whole life.

Which of the Following $100,000 Whole Life Insurance Policies,issued by the Same