____ insurance protects the policyholders until death or as long as premiums are promptly paid.

Question

Quizplus · Accepted Answer

Whole life insurance provides coverage for the policyholder until their death, as long as premiums are promptly paid. It also builds cash value over time, which can be borrowed against or used to pay premiums. Variable life insurance allows the policyholder to invest the cash value into various investment options, while term life insurance provides coverage for a specific period of time and does not build cash value. Annuity life insurance provides regular payments to the policyholder during retirement. Therefore, whole life insurance is the best choice for protecting the policyholder until their death or as long as premiums are paid.

____ Insurance Protects the Policyholders Until Death or as Long