Life Insurance Provides Compensation to Named Beneficiaries When the Insured

Life insurance provides compensation to named beneficiaries when the insured dies.Whole life insurance:

A) involves a premium paid strictly to insure against the death of the insured.
B) involves significantly lower premiums but only pays compensation to beneficiaries if death of insured occurs before age 65.
C) provides income to the insured when because of accident or sickness the insured can no longer work.
D) involves a certain investment aspect as well as life insurance coverage.
E) is a mechanism by which businesses can supply health and disability insurance to their employees.

Correct Answer:

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