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Important Advantages of Leasing Include the Flexibility of the Lease

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True/False

Important advantages of leasing include the flexibility of the lease agreement and protection against obsolescence.


Definitions:

Term Insurance

Insurance that is issued for a particular period, usually five or ten years.

Straight Life

In the context of life insurance, a straight life policy offers a guaranteed death benefit and lifetime coverage with fixed premium payments.

Universal Life

A type of flexible permanent life insurance that offers the low-cost protection of term life insurance as well as a savings element, which is invested to provide a cash value buildup.

Protection

Measures taken to safeguard something or someone against harm or damage.

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