Responses
Whole life insurance accumulates a cash value.
Whole life insurance accumulates a cash value.
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 rates decrease over time.
Whole life insurance rates decrease over time.
Whole life insurance has a higher payout than term life insurance
1 answer
The correct response is:
Whole life insurance accumulates a cash value.
This is an advantage of whole life insurance over term life insurance, which does not build cash value and typically only provides coverage for a set period without an accumulation component.
