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Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at age 65. What would be the right policy for his client? A) Increasing term insurance B) Limited pay whole life insurance C) 10-year endowment D) Life annuity, period certain
Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at age 65. What would be the right policy for his client? A) Increasing term insurance B) Limited pay whole life insurance C) 10-year endowment D) Life annuity, period certain
Final answer:The idealinsurance policyfor a client seeking both protection and savings, willing to pay premiums until retirement at age 65, would be the Limited pay whole life insurance. It offers protection in terms of a death benefit and allows for savings accumulation. However, the effects of inflation on fixed income should be considered.Explanation:The right policy for this client, who wants both protection and savings and is willing to pay premiums until retirement at age 65, would be theLimited pay whole life insurance. This type of insurance not only provides a death benefit but also accumulates cash value over time. Contributions are generally made until the retirement age (in this case 65), after which the policyholder can benefit from the policy without making further payments. However, the policyholder should be vigilant aboutinflation, as it can decrease the purchasing power of the fixed income received from the insurance policy over time.Learn more about Insurance here:brainly.com/question/33116677#SPJ11...