Question

With _______ insurance, the insured agrees to pay a specific premium each year until death.

A. whole-life
B. endowment life
C. half life
D. limited-payment

Answer 1

The correct answer is:

A) whole life insurance

Step-by-step 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.

Answer 2

The answer is A. life insurance that pays a benefit on the death of the insured and also accumulates a cash value.