question 29 of 60 credit life insurance is usually written as what type of policy? a. whole life b…

question 29 of 60 credit life insurance is usually written as what type of policy? a. whole life b. adjustable life c. increasing term d. decreasing term

question 29 of 60 credit life insurance is usually written as what type of policy? a. whole life b. adjustable life c. increasing term d. decreasing term

Answer

Brief Explanations:

Credit life insurance is designed to pay off a debt in case of the insured's death. As the debt amount decreases over time with payments, the amount of coverage under credit life insurance also typically decreases. Decreasing term insurance has a face - value that reduces over the life of the policy, which aligns with the nature of credit life insurance.

Answer:

D. Decreasing term