What is correct about a whole life policy?
A whole life policy is the simplest form of permanent life insurance, so named because it provides coverage that lasts your entire life as long as premiums are paid. Unlike term, it's not a pure life insurance product because it includes a cash value component.
Which statement is true regarding a variable whole life policy?
Which statement is TRUE regarding a Variable Whole Life policy? A minimum guaranteed Death benefit is provided.
What are the main features of whole life insurance?
Whole life insurance\n\n Compared to other forms of permanent coverage, a whole life policy has three defining characteristics: The level premium remains the same for life. The death benefit is guaranteed as long as the guaranteed premiums are paid. The policy includes guaranteed cash values that grow at a guaranteed rate.
Which of the following is a benefit of whole life insurance?
Whole life insurance builds cash value, provides permanent coverage, and can help build your family's wealth over the long term. These policies also offer more guarantees than other types of coverage, making them an option to consider for many people.
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