You wish to ensure that your life insurance will not cease once you reach the age of 70.Which types of life insurance would satisfy this need? I.Whole Life Insurance
II)Term-to-100 Insurance
III)Universal Life Insurance
IV)Declining Term Insurance

Question

Quizplus · Accepted Answer

Whole life insurance and term-to-100 insurance are designed to provide coverage for the policyholder's entire lifetime, regardless of age. Universal life insurance may also offer coverage beyond age 70, depending on the policy's features and the premiums paid. Declining term insurance is not a good option because the coverage decreases over time and is typically for a specific period, rather than the policyholder's entire life. Therefore, the best choices to ensure coverage beyond age 70 are whole life insurance, term-to-100 insurance, and universal life insurance.

You Wish to Ensure That Your Life Insurance Will Not