24.0k views
3 votes
Which of the following is temporary insurance?

1 year term






5 year term






Whole Life






Both A and B

User Xxdesmus
by
8.3k points

1 Answer

2 votes

Of the insurance options listed, 1 year term and 5 year term insurance are considered temporary insurance.

Whole life insurance provides permanent coverage for the entirety of the policyholder's life, as long as premiums are paid.

Term life insurance provides coverage for a specific period of time, such as 1 year or 5 years. At the end of the term, coverage expires unless the policy is renewed.

Therefore, the temporary insurance options are:

1) 1 year term

2) 5 year term

The answer is Both A and B.

User Mxyk
by
8.4k points

No related questions found