Because Premiums Get Higher as You Age,it Is Probably Advisable

question 131

True/False

Because premiums get higher as you age,it is probably advisable for you to buy life insurance at age 20 to save money whether or not you need the insurance then.

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Definitions:

Assignment of Accounts Receivable

The transfer of the right to collect money owed on outstanding invoices from the original creditor to another party.

Security Interest

A lien given by a debtor to his creditor to secure payment or performance of a debt or obligation.

Sale of Goods

A transaction involving the transfer of ownership of goods from the seller to the buyer for a price.

Intent to Benefit

A principle that refers to the deliberate desire to provide benefits or advantages through a contract to a specific party or parties.