Whole life insurance is a life insurance designed to offer ongoing insurance coverage over the course of an insured's entire life. The noteworthy advantage of whole life insurance is:

The correct answer is A. Premium payments contribute towards building an estate. See the full explanation below for the reasoning.

Investment Management

Question

Options

APremium payments contribute towards building an estate
BOne can budget premium payments for a long period
CIt's a low-load life insurance
DThese are sold only by agents

How the community answered

(61 responses)

A
79% (48)
B
2% (1)
C
13% (8)
D
7% (4)

Topics

#whole life insurance#estate building#premium payments#insurance advantages

Community Discussion

No community discussion yet for this question.

Full CTFA Practice