Which of the following life insurance policies is bought exclusively for its investment features where protection is viewed as a secondary benefit of the transaction?

Question

Quizplus · Accepted Answer

Single premium life insurance policies are often bought for their investment features, where a large sum of money is paid upfront to fund the policy, and the protection aspect is considered a secondary benefit. This type of policy can grow in value over time, offering an investment return in addition to the death benefit.

Which of the Following Life Insurance Policies Is Bought Exclusively