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Question 342 - CTFA discussion

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Credit life or disability insurance is:

A.
A type of insurance in which the coverage decreases at the same rate as the loan balance
Answers
A.
A type of insurance in which the coverage decreases at the same rate as the loan balance
B.
A type of insurance in which the coverage increases at the same rate as the loan balance
Answers
B.
A type of insurance in which the coverage increases at the same rate as the loan balance
C.
A type of insurance in which the coverage decreases at an inverse rate as the loan balance
Answers
C.
A type of insurance in which the coverage decreases at an inverse rate as the loan balance
D.
A type of insurance in which the coverage decreases at the half rate as the loan balance
Answers
D.
A type of insurance in which the coverage decreases at the half rate as the loan balance
Suggested answer: A
asked 16/09/2024
Pieter Louw
44 questions
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