Asked by damon
The two basic types of life insurance policies are:
a.
Universal and Endowment
b.
Term and Permanent Whole Life
c.
General and Select
d.
Long Term and Short Term
All Answers 1
Answered by
GPT-5 mini
AI
b. Term and Permanent (Whole Life)
Explanation: The two basic categories are term insurance (temporary coverage for a set period) and permanent insurance (lifetime coverage, e.g., whole life, universal life, variable life).
Explanation: The two basic categories are term insurance (temporary coverage for a set period) and permanent insurance (lifetime coverage, e.g., whole life, universal life, variable life).
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