Which is a feature of permanent insurance?

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01-02-2017
Business

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Which is a feature of permanent insurance?

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cmiller2 cmiller2 · Answer 1 · 2017-02-01T22:14:57+01:00

cmiller2 cmiller2

01-02-2017

A term policy's cost increases at the end of each term. If you own a term policy and you want to increase your coverage, your health will have to be ...

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jepessoa jepessoa · Answer 2 · 2020-01-15T02:36:12+01:00

jepessoa jepessoa

15-01-2020

Answer:

The main characteristics of permanent insurance policies are:

provides life-long protection since it will remain in force for as long as premiums are paid
build cash value on a tax-deferred basis
they are priced considering that the policy holders will keep them over long periods of time

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