the rules relating to the replacement of life insurance apply to which of the following types of life…

the rules relating to the replacement of life insurance apply to which of the following types of life insurance? a credit life b group life c group annuities d term life

the rules relating to the replacement of life insurance apply to which of the following types of life insurance? a credit life b group life c group annuities d term life

Answer

Brief Explanations:

The rules regarding life - insurance replacement typically apply to individual life - insurance policies like term life. Credit life is related to debt repayment, group life is for a group of people under one policy, and group annuities are a different financial product. Term life is a common individual life - insurance type where replacement rules are relevant.

Answer:

D. Term life