Exam (elaborations)
1Texas General Lines - Life, accident and health insurance PRACTICE EXAM Questions and Answers Rated A+
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Explanation: The key here is "minimum premium". Term is the most inexpensive type of coverage. Since Sandra's $50,000 loan will be paid off over 20 years and the loan balance will decrease each year, Decreasing Term makes sense. Decreasing Term is not renewable. 2) A 45-year old customer who is ...
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