Which of the Following Does NOT Apply to a Whole-Of-Life

question 51

Multiple Choice

Which of the following does NOT apply to a whole-of-life insurance policy?

• A) It includes an investment component
• B) It is a long-term insurance policy
• C) It may pay a bonus if surplus investment returns are generated
• D) Premiums reduce over time owing to accumulated bonuses

---

Definitions:

Mobile Wallet

A digital wallet that allows users to store payment information on their mobile devices, facilitating electronic transactions and digital payments.

Financial Transactions

Exchanges or transfers of money between parties, which can be conducted in various forms such as cash, electronic funds, or checks.

IoT

Internet of Things; a network of physical objects embedded with sensors, software, and other technologies to connect and exchange data with other devices and systems over the internet.

Internet

A global network of interconnected computers that use the standard Internet Protocol Suite (TCP/IP) to serve billions of users worldwide.