Jeanne wants to purchase a life insurance policy with guaranteed premiums. What kind of policy would she want to purchase

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19-07-2022
Business

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Jeanne wants to purchase a life insurance policy with guaranteed premiums. What kind of policy would she want to purchase

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anthougo anthougo · Answer 1 · 2022-07-26T17:06:55+02:00

If Jeanne wants to purchase a life insurance policy with guaranteed premiums, the kind of policy she would purchase is b. Nonparticipating policy.

What is a nonparticipating policy?

A non-participating policy is an insurance policy in which the policyholder does not receive dividends from the life insurance plan if the insurance company achieves a surplus or profit in a period.

Another attribute of a nonparticipating policy is that premiums are less than other policies and remain fixed from period to period.

Thus, if Jeanne wants to purchase a life insurance policy with guaranteed premiums, the kind of policy she would purchase is b. Nonparticipating policy.

Learn more about non-participating insurance policies at https://brainly.com/question/15427526

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Question Completion with Answer Options:

a. Dividend policy

b. Nonparticipating policy

c. Mutual policy

d. Participating policy

e. Stock policy