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Which of these types of insurance is also known as ordinary of straight life insurance?

Updated: 9/23/2023

Wiki User

∙ 11y ago

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Straight / Ordinary life insurance usually means that the death benefit and the premium payments are fixed for the lifetime of the insured. Examples of this is what is known as a "whole life policy." It's not the most economical way to buy insurance, but it's certainly predictable.

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∙ 11y ago

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Which of these types of insurance is also known as ordinary of straight life insurance?

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