___________ insurance is a type of insurance that is issued in policies with small face amounts,often $1,000 or less.

Question

___________ insurance is a type of insurance that is issued in policies with small face amounts,often $1,000 or less. ​

Quizplus · Accepted Answer

Industrial life insurance is typically sold to individuals with low incomes and is designed to cover burial expenses. The face value of the policies is typically $1,000 or less and is paid in weekly or monthly installments. Credit life insurance is a type of insurance that pays off the outstanding balance on a loan if the borrower dies. Mortgage life insurance is a type of insurance that pays off the remaining balance on a mortgage if the homeowner dies. Variable life insurance is a type of permanent life insurance that allows the policyholder to invest the cash value of the policy in various investment options.

___________ Insurance Is a Type of Insurance That Is Issued