Elise is a recent college graduate with student loans on which her parents have cosigned. If Elise
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Elise is a recent college graduate with student loans on which her parents have cosigned. If Elise is looking to purchase low-cost life insurance to ensure her parents will not have to repay her student loans if she dies unexpectedly, arguably the best life insurance policy for Elise is a:
a. Whole life insurance policy.
b. Term life insurance policy.
c. Cash value life insurance policy.
d. Variable annuity life insurance policy.
AnnuityAn annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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Related Book For 
Money, Banking, Financial Markets and Institutions
ISBN: 978-0538748575
1st edition
Authors: Michael Brandl
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