What are the types of whole life insurance?
Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—if you can keep up with the premium payments. Whole life premiums can cost five to 15 times more than term policies with the same death benefit, so they may not be an option for budget-conscious consumers.
What is not whole life insurance?
There are three main types of life insurance: whole life, universal life, and term life insurance.
What are the three main types of whole life insurance?
From the given alternatives term isurance is not a type of life insurance product.
All of the following is NOT a characteristics of whole life insurance: The cash value in a permanent life insurance policy is not a nonforfeiture benefit. Judith wants her life insurance policy to grow cash value quickly. What are the main features of whole life insurance? Whole life insurance
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