A Whole Life Policy Differs from a Term Policy in That

question 46

Multiple Choice

A whole life policy differs from a term policy in that:

• A) Premium on a whole life policy increases each year
• B) No premiums are required when the insured turns 65 years
• C) The rate on a whole life policy is always lower than that charged on a term policy
• D) A whole life policy accumulates cash value, whereas a term policy does not
• E) None of the above

---

Definitions:

Advisory Opinion

A non-binding statement issued by a court or regulatory agency, offering its interpretation of law or policy on a specific issue.

ICJ

The International Court of Justice, which is the principal judicial organ of the United Nations, tasked with settling legal disputes between states and giving advisory opinions on legal questions.

Trade Issue

A problem or concern that arises in the context of international or domestic trade between businesses or nations.

Title VII

A provision of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.