Which Statement Is Correct About Whole Life Insurance

question 101

Multiple Choice

Which statement is correct about whole life insurance?

• A)Whole life insurance is cheaper than term life.
• B)Policy holders overpay in the later years of the policy.
• C)Whole life premiums increase with your age.
• D)Whole life insurance is the best choice for most people.
• E)Whole life insurance builds up cash value.

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Definitions:

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as forests, minerals, and water.

Domestic Price

The price of goods or services within a country's borders, as opposed to international or import/export prices.

World Price

The international market price of a good or service, influenced by global supply and demand.

Import

Bringing in merchandise or services from overseas with the intent to sell them within a country.