Peter has just bought a house as an investment property, intending to rent it out...
90.2K
Verified Solution
Link Copied!
Question
Finance
Peter has just bought a house as an investment property, intending to rent it out to students. The house has a 25-year mortgage. Peter has contacted his general insurance agent to assure the appropriate coverage. His agent suggests he should also buy life insurance to cover the mortgage in the event he dies prematurely. Peter agrees but wants a product that would cost him the least. His agent recommends:
A.
25-year term policy
B.
10-year renewable term policy
C.
5-year renewable term policy
D.
25 year decreasing term policy
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!