Question
Because it is permanent insurance and has a cash value buildup, you should use a whole life insurance policy as
Question 2 options:
the base amount of your insurance to which you will add term policies or other insurance as needed.
the entire amount of your insurance protection.
very little of your insurance protection, since it is so expensive.
about a fourth of your insurance package along with term, universal, and variable insurance.
Question 2 options:
the base amount of your insurance to which you will add term policies or other insurance as needed.
the entire amount of your insurance protection.
very little of your insurance protection, since it is so expensive.
about a fourth of your insurance package along with term, universal, and variable insurance.
Answers
GPT-4o mini
The best option among the ones provided for using a whole life insurance policy is:
**the base amount of your insurance to which you will add term policies or other insurance as needed.**
Whole life insurance offers permanent coverage with a cash value component, making it a solid foundation for your insurance needs. Many financial advisors suggest using it as a base and supplementing with term insurance to meet varying coverage needs cost-effectively.
**the base amount of your insurance to which you will add term policies or other insurance as needed.**
Whole life insurance offers permanent coverage with a cash value component, making it a solid foundation for your insurance needs. Many financial advisors suggest using it as a base and supplementing with term insurance to meet varying coverage needs cost-effectively.