Question

What modification can be made to Whole life insurance contracts to meet the insurance needs of the policyholder?

a.

Increasing term insurance

b.

Decreasing term insurance

c.

Both increasing and decreasing term insurance

d.

Mortgage insurance

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).Increasing term insurance Explanation:Whole life insurance contracts can be modified with increasing term insurance to meet the insurance needs of the policyholder.

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Q. What modification can be made to Whole life insurance contracts to meet the insurance needs of the policyholder?
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