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Sally wants to make sure that life insurance proceeds are available to pay her outstanding mortgage balance if she dies.
Posted: Sun May 08, 2022 3:59 pm
by answerhappygod
- Sally Wants To Make Sure That Life Insurance Proceeds Are Available To Pay Her Outstanding Mortgage Balance If She Dies 1 (27.54 KiB) Viewed 33 times
Sally wants to make sure that life insurance proceeds are available to pay her outstanding mortgage balance if she dies. She purchased a type of life insurance in which the amount of coverage gradually declines, just as her outstanding mortgage balance gradually declines. This type of life insurance is called O re-entry term insurance, O modified life insurance. current assumption whole life. decreasing term insurance.