INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The premium on your term insurance will [increase | stay the same] with each renewal.
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-The premium on your term insurance will [increase | stay the same] with each renewal.
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Quizplus · Accepted Answer

Term insurance policies typically have premiums that increase with each renewal due to the increasing risk of insuring someone as they age. Therefore, "increase" is the correct choice to complete the statement.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which