Which of the following is not true regarding Term 100 policies: Question options: It is...

50.1K

Verified Solution

Question

Finance

Which of the following is not true regarding Term 100 policies: Question options: It is a form of permanent insurance

There is no income tax reporting required

The policy holder has the option to choose investments that reflect their individual risk levels

The premium schedule will appear higher in the early years of the policy when compared with a five or ten year term (non-permanent) because the premium is level throughout the term to 100 policy payment period

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students