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What type of whole life insurance policy has premiums that vary over the years?

a. Straight whole life policy
b. Level premium policy
c. Increasing premium policy
d. Decreasing premium policy

1 Answer

3 votes

Final answer:

The increasing premium policy is a type of whole life insurance policy that has premiums that vary over the years.

Step-by-step explanation:

The type of whole life insurance policy that has premiums that vary over the years is the increasing premium policy. In this type of policy, the premiums start low and increase gradually over time. This can be a good option for individuals who have limited funds initially but expect their income to increase in the future.

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