Question

Which one of the following statements concerning whole life insurance is false? Group of answer choices Whole life insurance premiums paid throughout the insured’s lifetime are ordinary life policies. Level-premium whole life insurance accumulates a cash value that eventually reaches the face value of the policy at age 100 - 120. Whole life insurance offers permanent protection throughout the insured’s lifetime. Whole life insurance can be participating, which means the insured must participate in selfdirected investments for the cash value.

Answer 1

Answer:

Whole life insurance can be participating, which means the insured must participate in self-directed investments for the cash value

Explanation:

Insurance is a form of protection against kinds of loss.

whole life insurance is an insurance policy that allows a lifetime coverage, which means the other insurance is for lifetime and not a specific given time provided that the person continues to pays his/premium. It should be noted that Whole life insurance offers permanent protection throughout the insured’s lifetime and premiums are paid throughout the insured’s lifetime.