[amp_mcq option1=”One who needs periodical sums of money in his life?” option2=”One who has a high insurance budget” option3=”One who has a low insurance budget” option4=”One who looks for high returns” correct=”option3″]<\/p>\n
The correct answer is C. One who has a low insurance budget.<\/p>\n
A term policy is a type of life insurance that provides coverage for a specific period of time, such as 10 or 20 years. The premium for a term policy is typically much lower than the premium for a whole life policy, which provides coverage for the entire life of the insured person.<\/p>\n
Term policies are ideal for people who want to protect their loved ones financially in the event of their death, but who do not need or want the investment features of a whole life policy. Term policies are also a good option for people who have a low insurance budget.<\/p>\n
Option A is incorrect because a term policy does not provide periodical sums of money in the insured person’s life.<\/p>\n
Option B is incorrect because a term policy is not necessarily suited for someone who has a high insurance budget. The premium for a term policy is typically much lower than the premium for a whole life policy.<\/p>\n
Option D is incorrect because a term policy is not designed to provide high returns. The purpose of a term policy is to provide financial protection in the event of the insured person’s death.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”One who needs periodical sums of money in his life?” option2=”One who has a high insurance budget” option3=”One who has a low insurance budget” option4=”One who looks for high returns” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"class_list":["post-32405","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"\n