With _______ insurance, the insured agrees to pay a specific premium each year until death.
2 answers:
The answer is A. life insurance that pays a benefit on the death of the insured and also accumulates a cash value.
The <em><u>correct answer </u></em> is:
A) whole life insurance
Explanation :
Whole life insurance provides a lifetime of coverage at a set premium. The policy develops a cash value that is an asset of the insurance company. This is how the company avoids increasing your premiums as you age. You can also borrow against this cash value.
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Point A
Point B
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