In Terms of Premium Cost, the Most Expensive Type of Insurance

question 3

Multiple Choice

In terms of premium cost, the most expensive type of insurance is:

• A)Term
• B)Straight life
• C)20-payment life
• D)20-year endowment
• E)None of these

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Definitions:

Governmental Classification

The organization or categorization of information, individuals, or entities by a government based on certain criteria.

Defamation

The act of damaging someone's reputation by making false and harmful statements.

Actual Malice

In defamation law, the requirement to prove the defendant made a statement with knowledge of its falsity or with reckless disregard for the truth.

Newspaper Article

A written work published in a newspaper that provides detailed information on current events, issues, or subjects of interest.