The policy that will pay a specific dollar benefit to beneficiaries and remains in effect as long as premiums are paid is called whole life.
Correct Answer:
Verified
Q2: Adverse selection cannot be reduced by insurance
Q3: Due to a recent increase in demand
Q4: In recent years, the total assets of
Q5: Ordinary life insurance includes term life, whole
Q6: Economies of scope represent the principal advantage
Q8: With variable life insurance, the term "variable"
Q9: Annuities are the reverse of life insurance
Q10: Employers that sponsor non-contributory group life insurance
Q11: The policyholder can vary the premium payments
Q12: Credit default swaps are a product offered
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