Which of the Following Names Refer to Permanent Insurance

question 45

Multiple Choice

Which of the following names refer to permanent insurance?

• A)whole life
• B)straight life
• C)ordinary life
• D)cash-value life
• E)all of the names listed in the other answers

---

Definitions:

Expressed

Clearly stated, demonstrated, or articulated in a particular manner.

Years

Years are units of time used to measure duration, consisting of 12 months or 365 days in a common year and 366 in a leap year.

Ordinary Annuity

A series of equal payments made at equal intervals of time, commonly used in calculations of loan repayments or future savings, where interest compounding occurs at the end of each period.

Expressed

Clearly communicated or made known in words, actions, or symbols.