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:

Verified
Correct Answer:
Verified
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