Ask Question
24 July, 09:31

Jeremy Osteryoung is buying life insurance for a period of 20 years. It will pay a benefit to his beneficiaries only if he dies during this 20 year period. What type of life insurance has Jeremy purchased?

+4
Answers (1)
  1. 24 July, 11:56
    0
    Term insurance.

    Explanation:

    Term insurance is intended to provide coverage to the insured for a certain period. Death benefit is paid only if the insured dies during the policy tenure; else noting is paid.

    The main purpose of taking such life insurance is to provide life cover to the policyholder.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Jeremy Osteryoung is buying life insurance for a period of 20 years. It will pay a benefit to his beneficiaries only if he dies during this ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers