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Match the types of life insurance with their descriptions.

1. Whole Life
2. Indexed Universal Life
3. Universal Life
4. Term Life

A. Plan that earns interest income but has a higher risk of losing potential interest
B. Plan that covers a person for a certain period of time
C. Plan that builds wealth and pays a death benefit
D. Plan that covers someone for his or her entire life

Sagot :

GinnyAnsweridn

Final answer:

Term life insurance vs. whole life insurance explained.


Explanation:

Whole life insurance: Plan that builds wealth and pays a death benefit.

Indexed universal life: Plan that earns interest income, but has a higher risk of losing potential interest.

Universal life: Plan that covers a person for their entire life.

Term life: Plan that covers a person for a certain period of time.

Term life insurance is often considered a better option than whole life insurance policies because it offers pure life protection without cash value accumulation, making it more cost-effective for many individuals.


Learn more about Insurance types and comparisons here:

https://brainly.com/question/39728495


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