Question 5 of 12 A young father would like a life insurance policy to provide coverage for all five family members at the lowest cost. Which type of policy would he most likely buy?

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27-07-2022
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Question 5 of 12 A young father would like a life insurance policy to provide coverage for all five family members at the lowest cost. Which type of policy would he most likely buy?

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Tundexi Tundexi · Answer 1 · 2022-08-10T13:43:57+02:00

A Family protection policy is the policy that will most likely be purchased by the young father who like a life insurance policy to provide coverage for all five family members at the lowest cost.

What is a Family protection policy?

This is a life insurance policy that covers the family for a certain number of years (the term) and pays a death benefit anyone die during the term or expires if they outlive the policy.

Therefore, the Family protection policy is the policy that will most likely be purchased by the young father who like a life insurance policy to provide coverage for all five family members at the lowest cost.