Question

An insurance company that primarily sells life insurance policies designed for burial and last expense purposes, and whose agents typically collect premiums in person, is known as a:

A. fraternal insurance company

B. home service insurance company

C. risk retention group

D. reinsurance company

Answer 1

B. home service insurance company

Step-by-step explanation:

• Home service insurance companies are insurance companies that operate a number of services such as auto, home and life insurance and provide other personal insurance needs.

• An insurance company that primarily sells life insurance policies designed for burial and last expense purposes, and whose agents typically collect premiums in person, would come under the purview of a home service insurance company .

• The AFC: Home Club is one of the best home insurance company in US in 2020.