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whole life provides a death benefit and an accumulating cash value with a fixed premium and a level death benefit to age

Sagot :

The claim that whole life insurance offers a level death benefit to age with a set premium and an increasing cash value is true.

Whole life insurance, usually referred to as standard life insurance, offers ongoing death benefit protection throughout the insured's lifetime. Whole life insurance has a savings component in which cash value may build up in addition to paying a death benefit. A fixed rate of tax-deferred interest is accrued.

One sort of permanent life insurance is whole life policies. Other terms include universal life, indexed universal life, and variable universal life. Whole life insurance is the original type of life insurance, but there are many other kinds of permanent life, therefore whole life insurance is not the same as permanent life insurance.

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https://brainly.com/question/27066722

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