Final answer:
Whole life insurance has 3 basic forms: Ordinary, limited payment, and single premium; Straight life, limited payment, and endowment; Continuous premium, term, and increasing premium; Participating, non-participating, and universal life.
Step-by-step explanation:
The 3 basic forms of whole life insurance are as follows:
a) Ordinary, limited payment, and single premium
b) Straight life, limited payment, and endowment
c) Continuous premium, term, and increasing premium
d) Participating, non-participating, and universal life
Whole life insurance is a type of life insurance that provides coverage for the entire lifetime of the insured. It has a fixed premium and also builds cash value over time.
Different forms of whole life insurance offer variations in payment structure and benefits.