Twin brothers are starting a new business. They know it will take years to build the business to the point that they can pay off debt incurred in starting the business. What type of insurance would be the most affordable and still provide a death benefit should one of them die?
A. whole life
B. ordinary life
C. joint life
D. decreasing term

According to my research on different life insurance policies, I can say that based on the information provided within the question the most affordable life insurance policy in this situation would be a Joint Life Insurance. That is because this policy covers two people but pays out only once and after the first death, this is also why it is a lump sum meaning that it charges the same as if it were insurance for one person. Therefore it is the best and cheapest option for this situation.

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madison3395 madison3395 · Answer 2 · 2019-09-03T23:02:16+02:00

madison3395 madison3395

03-09-2019

Answer:

C. joint life

Explanation:

Twin brothers are starting a new business. They know it will take years to build the business to the point that they can pay off debt incurred in starting the business. Therefore, joint life is the type of insurance that would be the most affordable and still provide a death benefit should one of them die.

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