Question

Choose as many answers as apply. Which of the following statements are true of ordinary whole-life insurance policies? The insured pays premiums on this type of insurance until their death. Ordinary whole life insurance covers the insured for the stated term of the policy. Ordinary whole life insurance has some value as an investment. The insured only has to pay on this type of policy for a certain number of years.

Answer 1

Answer:

The correct options are as follows:

Step-by-step explanation:

1. The insured pays premiums on this type of insurance until their death. (The whole life insurance policy is a permanent policy where the insurer pays premiums until his death and these are beneficial for the insurer's family members after his death.)

2. Ordinary whole life insurance has some value as an investment.

Answer 2

The insured pays premiums on this type of insurance until their death.


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