Solved

A Major Difference Between a Whole-Of-Life Insurance Policy and a Term-Life

Question 70

Multiple Choice

A major difference between a whole-of-life insurance policy and a term-life policy is:


A) a whole-of-life policy is long-term, whereas a term policy is only for a term of one year.
B) a term policy has an investment component, specified only for the term.
C) only a whole-of-life policy has an investment part.
D) term policies only pay bonuses at the end of the term, unlike the whole-of-life policy, which pays them out immediately as they are accumulated.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions