Looking for the answer to the question below related to Management ?
T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What kind of $10,000 policy should T purchase?
a) Interest-Sensitive Whole Life
b) Ten-Year Endowment
c) Variable Universal Life
d) Ten-Year Renewable Term
The Correct Answer Is:
- b) Ten-Year Endowment