Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy, he will receive the cash value. His plan is a _____ policy.

Name: Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy, he will receive the cash value. His plan is a _____ policy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Continuous whole life insurance requires premium payments for the life of the insured and accumulates cash value, which can be received if the policy is cancelled.

Henry Must Make Set Premium Payments on His Insurance Policy