The type of term insurance that provides increasing death benefits as the insured ages is called

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Harold

Business

31 March, 13:29

The type of term insurance that provides increasing death benefits as the insured ages is called

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Ernesto Rangel · Answer 1

The type of term insurance that provides increasing death benefits as the insured ages is called Increasing term.

There are many types of insurance policies or plans, the term life insurance is used for some specific period of time and that period is also known as "term". if a person who is life insured and dies during a term, the death benefit will be paid to beneficiary.