Of the following life insurance policies - term, whole life, universal life, variable life - two have fixed death benefits. Which are they?

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Quizplus · Accepted Answer

Term and whole life insurance policies have fixed death benefits. Term insurance provides coverage for a specific period of time, while whole life insurance provides lifetime coverage with a cash value component. Variable life and universal life insurance policies have death benefits that may fluctuate based on investment performance and changes in premiums or interest rates.

Of the Following Life Insurance Policies - Term, Whole Life