Verified Answer :

metchelle

To answer the question above as to which type of life insurance policy combines term insurance and investment elements is letter C, Universal Life. Universal Life or in other term Permanent life Insurance is a type of insurance to which is flexible low-cost protection and term life insurance as well as the saving elements like the whole life insurance.

fernadiaz82

Answer:

The correct answer is C: Universal Life

Explanation:

Universal life insurance is a type of cash value permanent life insurance with an investment savings elements. Most of them contains a flexible premium option. However, under the terms of the policy, the excess of premium payments above the regular cost of insurance is credited to the cash value of the policy every month plus an interest. Therefore that this type of life insurance combines both term insurance and invesment elements.

Related Questions