Question

Robert owns a life insurance policy that he purchased when he first graduated
college. It has a $100,000 death benefit and Robert pays premiums for it
every month out of his checking account. The insurance Robert has is most
likely
DA. permanent life insurance
O
B. term life insurance
O
C. group life insurance
O
D. individual life insurance

Answer 1

Answer: Individual Life Insurance

Answer 2

Answer:

Individual life insurance ( D )

Explanation:

An individual life insurance policy is an insurance policy that covers an individual and its been paid for i.e its premiums is been paid for by an individual. its death benefit will be paid to the spouse or the next of kin of the insured in a case where the insured dies.

There are different types of life insurance and an insured person might have as many life insurance as long as he can afford to pay its premiums. a person can have permanent life insurance,term life insurance and even variable life insurance etc, but every insurance plan comes with a premium and that premium have to paid to benefit from the insurance policy.