Q636
Term Policy is ideally suited for
A.
One who needs periodical sums of money in his life?
B.
One who has a high insurance budget
C.
One who has a low insurance budget
AnswerD.
One who looks for high returns
Answer: Option C
Solution
Answer: Option C
Solution:
Term Policy is ideally suited for One who has a low insurance budget. Term life insurance, also known as pure life insurance, is life insurance that guarantees payment of a stated death benefit during a specified term. Once the term expires, the policyholder can either renew for another term, convert to permanent coverage, or allow the policy to terminate.