IIA
IIA-CFSA · Question #211
Whole life policies offer lifetime coverage at a level premium rate that does not increase as the insured ages. Whole life policies are classified in all of the below mentioned categories EXCEPT :
The correct answer is C. Decreasing life policies. See the full explanation below for the reasoning.
Question
Whole life policies offer lifetime coverage at a level premium rate that does not increase as the insured ages. Whole life policies are classified in all of the below mentioned categories EXCEPT :
Options
- AContinuous premium policies
- BLimited payment policies
- CDecreasing life policies
- DSingle premium policies
How the community answered
(41 responses)- A5% (2)
- B2% (1)
- C83% (34)
- D10% (4)
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