What statement most accurately compares term and permanent life insurances? (1 point) Responses Term life insurance last only for a finite amount of time and is more expensive than permanent life insurance. Term life insurance last only for a finite amount of time and is more expensive than permanent life insurance. Term life insurance last only for a finite amount of time and is less expensive than permanent life insurance. Term life insurance last only for a finite amount of time and is less expensive than permanent life insurance. Permanent life insurance lasts for a finite period of time and is more expensive than term life insurance. Permanent life insurance lasts for a finite period of time and is more expensive than term life insurance. Permanent life insurance lasts for a finite period of time and is less expensive than term life insurance.
1 answer
The statement that most accurately compares term and permanent life insurance is: "Term life insurance lasts only for a finite amount of time and is less expensive than permanent life insurance."
Term life insurance typically covers you for a specified period (e.g., 10, 20, or 30 years) and is generally more affordable compared to permanent life insurance, which provides coverage for your entire lifetime and often includes a cash value component.
