HLV concept helps to determine the _________ limit beyond which life insurance could be speculative.

A. Upper

B. Lower

C. Middle

D. All of the above

Answer: Option A

Solution(By Examveda Team)

HLV concept helps to determine the Upper limit beyond which life insurance could be speculative. HLV helps to determine how much insurance one should have for full protection. It also tells us the upper limit beyond which life insurance would be speculative.