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Recommended textbook solutions Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions Fundamentals of Financial Management, Concise Edition10th EditionEugene F. Brigham, Joel Houston 777 solutions Intermediate Accounting14th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield 1,471 solutions Consumer Behavior: Buying, Having, and Being12th EditionMichael R Solomon 485 solutions Recommended textbook solutionsMathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions Business Math17th EditionMary Hansen 3,684 solutions Fundamentals of Financial Management, Concise Edition10th EditionEugene F. Brigham, Joel Houston 777 solutions Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions Recommended textbook solutionsFundamentals of Financial Management, Concise Edition10th EditionEugene F. Brigham, Joel Houston 777 solutions Marketing Essentials: The Deca Connection1st EditionCarl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese 1,600 solutions Accounting: What the Numbers Mean9th EditionDaniel F Viele, David H Marshall, Wayne W McManus 338 solutions Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions Recommended textbook solutionsMathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions Intermediate Accounting14th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield 1,471 solutions Fundamentals of Financial Management, Concise Edition10th EditionEugene F. Brigham, Joel Houston 777 solutions Business Math17th EditionMary Hansen 3,684 solutions What are the disadvantages of life insurance policy?There are a few disadvantages involved with buying life insurance, including the fact that you may have to pay high premiums if you have a pre-existing medical condition. In case of a term insurance plan, the policyholder will not receive any maturity benefit if he/she survives the term. Which of the following is a disadvantage of life insurance as security?The biggest disadvantage of life insurance is the cost, which is more affordable than you might think. Which type of life insurance allows policyholders to make their own investment decisions?Variable Life Insurance. Variable life is a type of security that offers fixed premiums and a minimum death benefit. Unlike whole life insurance, its cash value is invested in a portfolio of securities. As the policyholder, you can choose the mix of investments from those the policy offers. Which type of insurance has no savings or investment features?Final expense insurance is a form of life insurance intended only to cover end-of-life expenses such as funeral and burial costs. The coverage is permanent in the sense that if you keep paying premiums, the policy will remain in effect, but there is no cash value or investment component to these policies. Which of the following represents a disadvantage of whole life insurance policy?The main disadvantage of whole life insurance is that it is expensive. Whole life premiums are significantly higher than those for a term policy, and they have less flexibility than universal life insurance policies.
What is one major disadvantage of life insurance coverage?One of the biggest disadvantages of life insurance is that it can be quite expensive. Life insurance costs depend on factors such as age, health, and lifestyle. If you're young and healthy, you'll likely pay less for life insurance than someone older or with health problems.
Which of the following is a disadvantage of life insurance as security?The biggest disadvantage of life insurance is the cost, which is more affordable than you might think.
What is a disadvantage of term insurance?While term is often the cheapest form of life insurance, there are some negatives to buying coverage. The policy doesn't build cash value, has no surrender amount if you cancel, and, if you have to renew, your premium is adjusted based on your current age and health, which can mean much higher rates.
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Which of the following represents a disadvantage of a whole life insurance policy quizlet?
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