What type of life insurance are credit policies issued as

Posted By Admin @ September 03, 2022

Question:

Credit life insurance is typically issued with which of the following types of coverage? Annual Renewable Term Decreasing Term Individual Whole Life Group Term

Answer:

This would be issued at a decreasing term. Decreasing term insurance is an annual plan for term life insurance that offers benefits at death that will lower at a date that is predetermined. Most premiums remain the same throughout contracts and any reductions would occur monthly or annually.

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