A person under legal age is referred to as what?

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Multiple Choice

A person under legal age is referred to as what?

A person under the legal age is called a minor. This term identifies someone who hasn’t reached the age of majority, which is typically 18 in many places and means limited capacity to contract. In life insurance, a minor can be covered, but ownership and major decisions usually stay with a parent or guardian until the minor reaches adulthood. The other terms describe things, not people: cash value is the policy’s saved cash amount, solvency is a company’s ability to meet its obligations, and survivor protection refers to benefits for those left behind, not to a person’s age.

A person under the legal age is called a minor. This term identifies someone who hasn’t reached the age of majority, which is typically 18 in many places and means limited capacity to contract. In life insurance, a minor can be covered, but ownership and major decisions usually stay with a parent or guardian until the minor reaches adulthood. The other terms describe things, not people: cash value is the policy’s saved cash amount, solvency is a company’s ability to meet its obligations, and survivor protection refers to benefits for those left behind, not to a person’s age.

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