Which of the Following Statements About a Decreasing Term Insurance

question 43

Multiple Choice

Which of the following statements about a decreasing term insurance policy is true?

• A)The face amount of the policy decreases during the policy period,and the premium increases.
• B)The face amount of the policy decreases during the policy period,but the premium remains level.
• C)The premium decreases during the policy period,but the face amount remains constant.
• D)Both the premium and the face amount of the policy decrease gradually over the policy period.

---

Definitions:

Formal Reports

Detailed documents that present and analyze information or issues in a structured and standard format, often for business or academic purposes.

Personal Pronouns

Words such as "I", "you", "he", "she", "we", and "they" that refer to the speaker, the listener, or people mentioned in the conversation or text.

Primary Data

Data collected directly from the source for the first time, used for research purposes without modification.

Normative Surveys

Research tools used to collect data on what is considered normal or typical behavior or opinions within a defined population.