Whole Life Policies Offer Lifetime Coverage at a Level Premium

question 283

Multiple Choice

Whole life policies offer lifetime coverage at a level premium rate that does not increase as the insured ages. Whole life policies are classified in all of the below mentioned categories EXCEPT:

• A) Continuous premium policies
• B) Limited payment policies
• C) Decreasing life policies
• D) Single premium policies

---

Definitions:

Semantic Differential

A type of scale used for measuring the meaning of things and concepts, involving a range of values between two opposites.

Rating Scale

A tool or method for assigning a value to a variable or characteristic, typically in the form of a survey or questionnaire that measures intensity, frequency, satisfaction, or agreement.

Quality

The characteristic or standard of something as measured against other things of a similar kind; the degree of excellence of something.

Biographical Inventories

Standardized questionnaires that gather detailed personal and professional history, often used in employment settings for selection purposes.