Peter has just bought a house as an investment property, intending to rent it out...
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Peter has just bought a house as an investment property, intending to rent it out to students. The house has a 25-year mortgage. Peter has contacted his general insurance agent to assure the appropriate coverage. His agent suggests he should also buy life insurance to cover the mortgage in the event he dies prematurely. Peter agrees but wants a product that would cost him the least. His agent recommends:
| A. | 25-year term policy
| |
| B. | 10-year renewable term policy
| |
| C. | 5-year renewable term policy
| |
| D. | 25 year decreasing term policy
|
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