_______ is a life insurance policy that provides a death benefit and a fixed-rate tax-deferred savings plan.

Question

Quizplus · Accepted Answer

Whole life insurance policies provide both a death benefit and a fixed-rate tax-deferred savings plan. This means that a portion of the premiums paid is invested and grows over time, providing a source of cash value that can be used for things like retirement income or loans. While whole life policies tend to be more expensive than term life or universal life policies, they offer the added benefit of lifetime coverage and the potential for long-term investment growth.

_______ Is a Life Insurance Policy That Provides a Death