Term insurance becomes cost prohibitive for older in dividuals. However, the same insurance companies that do not

Question:

Term insurance becomes cost prohibitive for older in dividuals. However, the same insurance companies that do not offer term policies at advanced ages sell whole life insurance. How are these insurers able to offer life insurance for all of life under whole life insurance but not under term insurance?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Institutions, Markets and Money

ISBN: 978-1119330363

12th edition

Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias

Question Posted: