Ask Question
25 August, 00:18

This life insurance is used to pay off certain debts, such as auto loans, in the event that you die before the debts are paid in full. Which of the following is not the best buy for the amount of protection offered for an individual?

a. Group life

b. Term

c. Creidt life

d. Endowment life

e. Adjustable life

+3
Answers (1)
  1. 25 August, 03:52
    0
    Credit Life Insurance

    Explanation:

    Based on the description provided within the question it can be said that the life insurance that is in question is a Credit Life Insurance. Like mentioned in the question this is a life insurance policy that is designed to pay off the individual's debts in the unlikely scenario that the individual were to die. The value of this policy goes decreasing as the individual goes paying off the debts until both values are at zero. This includes auto loans, mortgages, bank loans etc.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “This life insurance is used to pay off certain debts, such as auto loans, in the event that you die before the debts are paid in full. ...” 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