Which of the Following Life Insurance Policies Would Have the Lowest

question 22

Multiple Choice

Which of the following life insurance policies would have the lowest premium for a male age 40?

• A)level term
• B)whole life continuous premium
• C)whole life paid up at 45
• D)variable life

---

Definitions:

Surpluses

Situations in which the quantity of a good or service supplied exceeds the quantity demanded at a specific price, often resulting in excess stock.

Equilibrium Quantity

The quantity of goods or services supplied that is equal to the quantity demanded at the market equilibrium price.

Equilibrium Price

The price point in the market where the amount of products available meets the amount of products consumers want to buy.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.