Modified whole life is ideal for those individuals who need greater death protection in old age.

Name: Modified whole life is ideal for those individuals who need greater death protection in old age.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Modified whole life insurance is designed to have lower premiums in the early years of the policy, which then increase after a specified period. It is not specifically designed to offer greater death protection in old age but to make whole life insurance more affordable initially.

Modified Whole Life Is Ideal for Those Individuals Who Need