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A life insurance company allows people to prepay their endowment insurance at current rates. The policyholder then pays the premium every year. People should participate in the program as a means of decreasing the cost for their living after retirement.
Which of the following, if true, is the most appropriate reason for people NOT to participate in the program?
A. Peoples are unsure about which insurance company they will choose after retirement.
D. The amount of money accumulated by putting the prepayment funds in an interest-bearing account today will be greater than the total cost of insurance when they retire.
C. The annual cost of premium is expected to increase at a faster rate than the annual increase in the cost of living.
D. Some of the insurance companies are contemplating large increases in premium next year.
E. The prepayment plan would not cover the cost of hospitalization.
The OA will be automatically revealed on Monday 19th of March 2035 03:21:32 AM Pacific Time Zone
Which of the following, if true, is the most appropriate reason for people NOT to participate in the program?
A. Peoples are unsure about which insurance company they will choose after retirement.
D. The amount of money accumulated by putting the prepayment funds in an interest-bearing account today will be greater than the total cost of insurance when they retire.
C. The annual cost of premium is expected to increase at a faster rate than the annual increase in the cost of living.
D. Some of the insurance companies are contemplating large increases in premium next year.
E. The prepayment plan would not cover the cost of hospitalization.
The OA will be automatically revealed on Monday 19th of March 2035 03:21:32 AM Pacific Time Zone
10 Jun 2022, 05:27
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The amount of money accumulated by putting the prepayment funds in an interest-bearing account today will be greater than the total cost of insurance when they retire. as if they save money now then they have more money than insurance policy will give them meaning no to get the insurance policy un future
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