Which Statement Is Correct About Whole Life Insurance

question 63

Multiple Choice

Which statement is correct about whole life insurance?

• A) It is cheaper than term life.
• B) It builds up cash value.
• C) The premiums increase with your age.
• D) It is the best choice for most people.
• E) It is the same thing as term life insurance.

---

Definitions:

Higher Education

Education provided by universities and colleges, typically following completion of secondary education and leading to the award of degrees at different levels.

Primary Aging

Refers to the natural, biological process of aging that is inevitable and unaffected by external factors.

Secondary Aging

The aging process that results from disease and environmental factors rather than biological aging.

Population

Refers to the total number of individuals or entities within a specified area or group at a given time.