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With _______ insurance, the insured agrees to pay a specific premium each year until death.

Awhole-life
Bendowment life
Chalf life
Dlimited-payment

Verified Answer :

The answer is A. life insurance that pays a benefit on the death of the insured and also accumulates a cash value.

The correct answer is:

A) whole life insurance

Explanation:

Whole life insurance provides a lifetime of coverage at a set premium. The policy develops a cash value that is an asset of the insurance company. This is how the company avoids increasing your premiums as you age. You can also borrow against this cash value.

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