Sales commissions and marketing expenses can increase the costs of a fully loaded _____ policy.
A) term life insurance
B) whole life insurance
C) universal life insurance
D) variable life insurance
E) mortgage life insurance

Question

Quizplus · Accepted Answer

Sales commissions and marketing expenses can increase the costs of a fully loaded whole life insurance policy. This is because whole life insurance policies have a cash value component and provide coverage for the entire life of the insured, which typically leads to higher premiums than term life insurance or other types of policies. Additionally, sales commissions for whole life insurance agents can be higher than commissions for other types of policies.

Sales Commissions and Marketing Expenses Can Increase the Costs of a Fully