____ and ____ are both relatively expensive types of decreasing-term life insurance.
A)Group life; credit life
B)Credit life; mortgage life
C)Mortgage life; industrial life
D)Industrial life; special-purpose policies
E)Special-purpose policies; group life

Question

Quizplus · Accepted Answer

Credit life insurance and mortgage life insurance both tend to be relatively expensive types of decreasing-term life insurance. Credit life insurance is designed to pay off a borrower's debt in the event of their death, while mortgage life insurance is meant to pay off a borrower's mortgage. Both policies can be expensive due to the high level of risk for the insurer, as the benefits paid out would be substantial.

____ and ____ Are Both Relatively Expensive Types of Decreasing-Term

and Are Both Relatively Expensive Types of Decreasing-Term