Business High School

Tyler is a recent college graduate that has a large private student loan debt. He is
single with no children. He wishes to get some cheap life insurance that will pay off
the debts in case he passes away. Which life insurance policy will fit his needs
best?
A. Term policy
B. Neither
C. Debt policy
D. Permanent policy

Answers

Answer 1

Answer: Term Policy

Explanation:

Answer 2

Term policy life insurance policy will fit his needs best. Thus, the correct option is A.

What is insurance?

Insurance is a contract between an individual or organization (the policyholder) and an insurance company (the insurer) that provides financial protection against certain types of risks or losses.

The policyholder pays premiums to the insurer, and in exchange, the insurer agrees to pay out benefits or compensation in the event of covered losses or damages.

Insurance works on the principle of risk pooling, which means that the premiums paid by all policyholders are pooled together to cover the losses of the few who experience them.

This allows individuals and organizations to transfer the financial risks of certain events to the insurer, which helps to mitigate the impact of those events on their finances.

Learn more about insurance, here

https://brainly.com/question/27822778

#SPJ5

Related Questions

Other Questions
find the equation of a line that is parallel to the straight line 2x-y=-3 and crosses the x-axis at x=-5 if a cost for a dinner is 459 and the family wants to leave a 20% tip, with the sales tax of 7% also, what is the total cost? Identify the products in the reaction HCI + NaOH NaCl + H20.A. HCI, NaOH, NaCl, and H2OB. HCl and NaOHC. NaCl and H20D. NaOH and H20 now find the difference whats 3 2/3- 1 4/5 (may mark as brainliest) PLS IT FOR MY ECONOMICS CLASS Explain why audience listen to the Archers What is the significance of this 1978 mural? A) It is representative of artistic expressions of the Beat Generation B) It was commissioned by the federal government through the Nati Endowment for the Arts (NEA). It is an example of cultural pride among Mexican Americans. D) It was painted by artists employed under the Works Progress Administration (WPA) Which situation is an example of a person using technology initially designe what happens if you don't sleep for 40days Solve for x. Leave insimplest radical form.(special right triangle) Bob has 17/23 left of a wall to demolish. Each swing of a sledgehammer brings down an additional 17/161 of the wall. How many more swings will it take him to bring down all of the wall? allel...10. If the midpoints of the sides of AEFG shown below were connected with line segments, what would be theperimeter of the resulting triangle? Explain how you arrived at your answer.allel...Earall...of a T...170 mm83 mm110 mm What was one of the best reasons that resentment toward Abraham Lincoln built up to an assassination attempt? what are the different cellular organelles Why was the invention of the mechanical reaper important? A. The reaper separated cotton fibers from cotton seed much faster than the manual method used earlier. B. The reaper made it possible to communicate very quickly across a wire. C. The reaper replaced the old method of sewing clothes by hand. D. The reaper could cut grain much faster than the older method of harvesting by hand with a scythe. Circle O is shown. Secant A C intersects tangent C D at point C outside of the circle. Secant A C intersects circle O at point B and tangent C D intersects circle O at point D. Point E is on arc A D. Angle A C D is 57 degrees. Aaron is standing at point C, watching his friends on a Ferris wheel. He knows that he is looking up at a 57 angle and the measure of arc BD is 80. What is the measure of arc AED? Suppose that an intermixed sequence of push and pop operations are performed on a LIFO stack. The pushes push the numbers 0 through 9 in order; the pops print out the return value. For example"push(0); pop(); push(1)" and "push(0); push(1); pop()" are possible, but "push(1); push(0); pop()" is not possible, because 1 and 0 are out of order. Which of the following output sequence(s) could occur? Select all that are possible. a) 12543 609 8 7 0b) 01564 37928 c) 6543210789 d) 02416 75983 e) 46 8 75 32 901 On January 1, 2021, American Corporation purchased 30% of the outstanding voting shares of Short Supplies common stock for $222,000 cash. On that date, Short's book value and fair value were both $740,000. The equity method is deemed appropriate for this investment. Short's net income reported on December 31, 2021, was $70,000. During 2021, Short also paid cash dividends in the amount of $19,000.Required:Compute the amount that would be reported for the investment on American Corporation's financial statements at December 31, 2021. what is investment amount? Can someone help plz tan 2A + sin 2A=4 tan A/(1 - tan4 A) May has 5 cups of dough. It takes 1/3 cup of dough to make one dinner roll. How many dinner rolls can she make with the dough she has?