Julie has a $100,000 30-year mortgage on her new home. What type of life insurance could she purchase that is designed to pay off the loan balance if she dies within the 30-year period?
A) Adjustable life insurance
B) Decreasing term insurance
C) Increasing term insurance
D) Modified life insurance
Ans: B) Decreasing term insurance
Business
You might also like to view...
Which of following best describes change management?
A. Tracking, monitoring, and protecting a project's critical path B. Continuous assessment of overall project progress as compared to the project plan C. Regularly communicating changes in project status to stakeholders D. Defining, planning, and implementing adjustments to a project
Business
In times of rising prices LIFO produces the lowest net income
Indicate whether the statement is true or false
Business