Question

If you wish to pay exactly the same life insurance premium each year, you would choose a:
Question 5 options:

nonparticipating policy.

participating policy.

variable life policy.

term insurance policy.

Answer 1

Answer:

nonparticipating policy

Explanation:

The non-participating policy is life insurance that does not pay dividends and premium are generally less compared to other insurance policies. The non-participating policy pays the same premium amount each other as long as regular payments are receives. They are generally designed to cover the whole life insurance as long as the consumer pays regular yearly payments.