Jeanne wants to purchase a life insurance policy with guaranteed premiums. What kind of policy would she want to purchase?

Question

Quizplus · Accepted Answer

A nonparticipating policy is also known as a guaranteed premium policy, which means the premiums will remain the same throughout the policy's duration. This is different from a participating policy, where the premiums can vary based on the performance of the insurance company's investments and the policy may earn dividends. Jeanne wants a guaranteed premium, so a nonparticipating policy is the best choice.

Jeanne Wants to Purchase a Life Insurance Policy with Guaranteed