Joe buys his first home after obtaining a 30-year mortgage from his bank. He is considering the purchase of life insurance to ensure that the mortgage will be paid in the event of his death, in which case he will leave the house to his spouse and children. What would be the best life insurance protection for Joe?
A) Decreasing term
B) Universal life
C) Level term
D) Whole life"
Ans: A) Decreasing term
Business
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Identify three ways in which society is trying to address the misallocation of resources held in the common
What will be an ideal response?
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Which of the following accounts would be credited in a proper journal entry?
A) Cash when it is increased B) Accounts Receivable when it is increased C) Capital when it is decreased D) Accounts Payable when it is increased
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