Which of the following policies is suitable for a person who cannot temporarily afford to pay high premiums?

Which of the following policies is suitable for a person who cannot temporarily afford to pay high premiums? Correct Answer Convertible Whole Life

In Convertible Whole Life, one can avail insurance protection for a large amount at a lower cost as compared to premium of Endowment Assurance.
Bissoy MCQ

Related Questions

In 1997, 10% of automobile insurance premiums went to pay costs arising from injuries occurred in car accidents, In 2007, cost despite the fact that cars were much safer in 2007 than in 1997 . which of the following . if true, best explains the discrepancy outlined above?
The prices of homes are----- high in urban areas that most young people cannot afford to buy them.
The prices of homes are —— high in urban he cas } that most young people cannot afford to buy them.
An employee is entitled to 20% of his basic pay as dearness Allowance (DA). If his basic pay is Tk. 6300, what is total pay.
Which of the below is not a component of ULIP premiums?
In Variable life insurance, the death benefit and cash value of the policy _________ according to the investment performance of a special investment account into which premiums are credited.
Where annually increasing flexible premiums operate under a life insurance policy, what rate of increase will generally apply?
_________ consists of collecting premiums from numerous individuals to compensate the few who may suffer losses.
Under Universal life products, there was facility of completely flexible premiums after how many years?
If both policy loan and premiums are not paid, the outstanding loan/interest may exceed the policy’s cash value. What would the insurer do in such an eventuality?