Identify the correct statement regarding life insurance.
A)Term life policies cover an undefined period which ends with the policyholder's death.
B)Most life policies are held as part of superannuation schemes.
C)Life insurance pays a benefit to the insured policyholder when they die.
D)Usually life insurance policies do not pay out in the event of permanent disability.
E)All of these.

Question

Quizplus · Accepted Answer

Most life insurance policies are often held as part of superannuation schemes, especially in countries like Australia, where superannuation funds include life insurance as a default option.

Identify the Correct Statement Regarding Life Insurance