Match the type of insurance to the coverage it provides.

1. Insurance that covers the insured only for a specific, stated term, such as ten years
endowment
2. Insurance that covers the insured for life, and for which premiums are paid by the insured until his death
ordinary whole life
3. Insurance that covers the insured for life, for which he only has to pay a certain number of years
limited-payment life
4. Insurance that provides both insurance and savings
term

Question

05-07-2022
Mathematics

Answered

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Match the type of insurance to the coverage it provides.

1. Insurance that covers the insured only for a specific, stated term, such as ten years
endowment
2. Insurance that covers the insured for life, and for which premiums are paid by the insured until his death
ordinary whole life
3. Insurance that covers the insured for life, for which he only has to pay a certain number of years
limited-payment life
4. Insurance that provides both insurance and savings
term

Sagot :

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The answers include the following:

Insurance that covers the insured only for a specific, stated term, such as ten years endowment - Term life insurance

Insurance that covers the insured for life, and for which premiums are paid by the insured until his death ordinary whole life - Whole life insurance.
Insurance that covers the insured for life, for which he only has to pay a certain number of years - Limited-payment life insurance.
Insurance that provides both insurance and savings term- Universal life insurance.

What is Insurance?

This is a form of risk management which protects individuals from any form of loss or damage.

Life insurance has different types which are appropriately mentioned and matched above.

Read more about Insurance here https://brainly.com/question/24957776

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Sagot :

What is Insurance?

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