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Which of the following types of life insurance is normally associated with a mortgage loan?

- A) Term life insurance
- B) Whole life insurance
- C) Universal life insurance
- D) Variable life insurance

User Surendra
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1 Answer

2 votes

Final answer:

Term life insurance is normally associated with a mortgage loan.

Step-by-step explanation:

The type of life insurance that is normally associated with a mortgage loan is Term life insurance. Term life insurance provides coverage for a specific term or period of time, such as the duration of a mortgage loan. It is designed to pay out a death benefit if the insured individual passes away during the term of the policy.

Whole life insurance, universal life insurance, and variable life insurance are different types of cash-value life insurance policies which accumulate a cash value over time. These types of policies are not typically associated with mortgage loans.

User Bilwit
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