Which of the following forms of life insurance requires the lowest premium per dollar of initial death benefits?
A) universal life
B) whole life
C) variable life
D) term life
E) adjustable whole life

Question

Quizplus · Accepted Answer

Term life insurance requires the lowest premium per dollar of initial death benefits because it only provides coverage for a specific term or period. It does not have a savings or investment component like whole life, universal life or variable life, which makes it less expensive.

Which of the Following Forms of Life Insurance Requires the Lowest