The broad categories of life insurance products including which of the following?

Question

Quizplus · Accepted Answer

All of the above options (term, whole life, and universal life) are broad categories of life insurance products. Term life insurance provides coverage for a specific period of time, while whole life insurance provides lifelong coverage and has a savings component. Universal life insurance is another type of permanent life insurance that combines a savings component with flexible premiums and death benefit options. So, all three options are valid categories of life insurance products.

The Broad Categories of Life Insurance Products Including Which of the Following