You want to pay premiums for 20 years and have your insurance premium obligations finished at that time.But you feel you will need life insurance for the rest of your life.You should choose a _____ insurance.

Question

Quizplus · Accepted Answer

Limited pay insurance allows you to pay premiums for a limited number of years, after which your insurance coverage is guaranteed for life. This is the best option for someone who wants to have their premium obligations finished after a certain number of years but still wants coverage for life.

You Want to Pay Premiums for 20 Years and Have