Answered

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A whole life policy that will generate immediate cash value is a

A. Variable life policy.
B. Limited-pay policy.
C. Continuous premium policy.
D. Single premium policy.

Sagot :

GinnyAnsweridn

Final answer:

Whole life insurance policies combine death benefits with cash value accumulation. Single premium policies offer immediate cash value generation.


Explanation:

Whole life insurance is a policy that combines a death benefit with a cash value component. This cash value accumulates over time, functioning as a savings account within the policy.

For immediate cash value generation, a Single premium policy would be suitable. With a single premium policy, a large sum of money is paid upfront, creating immediate cash value within the policy.


Learn more about Whole life insurance policies here:

https://brainly.com/question/42627229


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