Which of the following characterizes whole life insurance?
A) Low fixed premiums
B) High death protection
C) Temporary coverage for a set period
D) Moderate return on investment
E) No tax advantages

Question

Quizplus · Accepted Answer

Whole life insurance provides a moderate return on investment as it combines a death benefit with a savings component, allowing the policy to build cash value over time.

Which of the Following Characterizes Whole Life Insurance