A whole life contract combined with decreasing term is


1. A contract that provides for payment of the face amount plus a monthly payment starting with the death of the insured and continuing until 20 years after policy inception is called

a family income policy.

a family protection policy.

a family maintenance policy.

a guaranteed benefit policy.

2. A whole life contract combined with decreasing term is commonly called

a family maintenance policy.

a return of premium policy.

a family protection policy.

a family income policy.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A whole life contract combined with decreasing term is
Reference No:- TGS02795235

Expected delivery within 24 Hours