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Why would premiums be higher for an increasing term policy than for a level term policy?
Options
a. Because of the age of the insured
b. Because there exists an increase in the probability that the insured will die
c. Because there is a decrease in the death benefit over time
d. An increasing term policy has a death benefit that increases over time, so more coverage is provided.
Answer: D
The above question Why would premiums be higher for an increasing term policy than for a level term policy?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
