Henry must make set premium payments on his insurance policy until he dies,and if he cancels the policy he will receive the cash value.His plan is a _____ policy.

Name: Henry must make set premium payments on his insurance policy until he dies,and if he cancels the policy he will receive the cash value.His plan is a _____ policy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A whole life policy requires the policyholder to make fixed premium payments for life and provides a cash value that can be accessed if the policy is canceled.

Henry Must Make Set Premium Payments on His Insurance Policy