Business

Question

Which is a feature of permanent insurance?

2 Answer

  • A term policy's cost increases at the end of each term. If you own a term policy and you want to increase your coverage, your health will have to beĀ ...
  • Answer:

    The main characteristics of permanent insurance policies are:

    • provides life-long protection since it will remain in force for as long as premiums are paid
    • build cash value on a tax-deferred basis
    • they are priced considering that the policy holders will keep them over long periods of time

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