The statement most accurately compares term and permanent life insurance (B.) Term life insurance last only for a finite amount of time and is less expensive than permanent life insurance.
Explanation:
Term Life Insurance as the name suggest is for a particular tenure or time period /tenure whereas the Permanent life insurance is the insurance that cover the entire life of the insurer and is for lifetime.
Since the term insurance is only for a certain time period it is comparatively less expensive than the permanent life insurance.
Also the premiums of term life insurance are lower than the permanent life insurance
hence we can say that
The statement most accurately compares term and permanent life insurance (B.) Term life insurance last only for a finite amount of time and is less expensive than permanent life insurance.
The statement would be that life insurance policy is less expensive or only lasts for a finite amount of time.
So, option B. is correct.
Insurance is a way of safeguarding against financial loss. It's a type of risk management that's generally utilized to protect against the danger of a speculative or unpredictable loss.
An insurer, a health insurer, an insurance provider, or an insurer is just a company that sells insurance.
The statement that most correctly compares term & permanent life insurances would be that life insurance policy is less expensive or only lasts for a finite amount of time.
So, option B. is correct.
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