alwaysminato129 alwaysminato129

12-06-2024
Business

Answered

Which of the following is NOT a type of whole life insurance?

A. Limited payment
B. Level term
C. Straight life
D. Single premium

Answer :

GinnyAnswer GinnyAnswer

12-06-2024

Final answer:

Whole life insurance types include limited payment, straight life, and single premium, but level term insurance is not a type of whole life insurance.

Explanation:

Level term is NOT a type of whole life insurance. Whole life insurance, such as limited payment, straight life, and single premium, provides both a death benefit and cash value accumulation over time. Level term insurance, on the other hand, only provides coverage for a specified period with a fixed premium.

Learn more about Types of whole life insurance here:

https://brainly.com/question/1400638

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