Question

Describe whole life insurance.(1 point)
Responses

It is a common permanent life insurance policy, which lasts as long as the premiums continue to be paid, and the death benefit remains constant for the length of the policy.
It is a common permanent life insurance policy, which lasts as long as the premiums continue to be paid, and the death benefit remains constant for the length of the policy.

It is a type of permanent life insurance that offers flexibility on how to invest the cash value of the policy.
It is a type of permanent life insurance that offers flexibility on how to invest the cash value of the policy.

It is sponsored by the employer as part of benefits and provides protection to an employee while they cannot work and therefore cannot earn an income.
It is sponsored by the employer as part of benefits and provides protection to an employee while they cannot work and therefore cannot earn an income.

It covers the employee’s income and medical costs when they are hurt on the job and therefore are unable to work for a long time.

Answer 1

Correct answer: The first response.

Whole life is a common form of permanent life insurance that remains in force for the insured’s lifetime (so long as premiums are paid) and provides a level death benefit (often with a cash value component).