An insurance policy that protects an individual over an entire lifetime as long as the premiums are paid is called

Question

Quizplus · Accepted Answer

Whole life insurance provides coverage for the entire lifetime of the policyholder, as long as the premiums are paid. It also has a cash value component that builds over time, providing an additional benefit to the policyholder. Term life insurance, on the other hand, provides coverage for a specified term and does not have a cash value component. Universal life, endowment life, and variable life insurance are all variations of whole life insurance with different features and benefits.

An Insurance Policy That Protects an Individual Over an Entire