Question

Which of the following is an advantage of whole life insurance over term life insurance?(1 point)
Responses

Whole life insurance accumulates a cash value.
Whole life insurance accumulates a cash value.

Whole life insurance rates decrease over time.
Whole life insurance rates decrease over time.

Whole life insurance must be renewed after a set period of years.
Whole life insurance must be renewed after a set period of years.

Whole life insurance has a higher payout than term life insurance.

Answer 1

Whole life insurance accumulates a cash value.