9. If Diana wants a life insurance policy that will provide both a fixed deathbenefit and guaranteed cash value, what type of policy should she considerbuying?a. annual renewable term life insuranceb. universal life insurancec. whole life insuranced. variable universal life insurance

There are many types of life insurance policies that are available in the market ad each policy has…

9. If Diana wants a life insurance policy that will benefit and guaranteed cash value, what type of buying? a. annual renewable term life insurance b. universal life insurance Oc. whole life insurance d. variable universal life insurance

9. If Diana wants a life insurance policy that will benefit and guaranteed cash value, what type of buying? a. annual renewable term life insurance b. universal life insurance Oc. whole life insurance d. variable universal life insurance

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter8: Insuring Your Life

Section: Chapter Questions

Problem 3FPE

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Question

9. If Diana wants a life insurance policy that will provide both a fixed death
benefit and guaranteed cash value, what type of policy should she consider
buying?
a. annual renewable term life insurance
b. universal life insurance
c. whole life insurance
d. variable universal life insurance

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