The Cantrells would also like for you to explain the features and benefits of the following types of personal life insurance including any advantages and disadvantages of each type of life insurance.

They have asked for your recommendation as to which type of policy they should purchase for any life insurance need they have at this time and to Explain the reasons behind your recommendation.

 

1) Term life insurance

2) Whole life insurance

3) Universal life insurance

Answer rating: 100% (QA)

ATerm life insurance It is the simplest type of life insurance that provides life coverage for a set number of years If the insured dies during the policy tenure a lumpsum payout equivalent to the sum ... View the full answer