Question

What are the two basic forms of whole life insurance?

a.

Non-Participating Whole Life and Universal Life.

b.

Participating Whole Life and Excess Interest Whole Life.

c.

Universal Life and Limited Payment Whole Life.

d.

Traditional Whole Life and Interest Sensitive Whole Life.

Posted under IC 89 Management Accounting

Answer: (d).Traditional Whole Life and Interest Sensitive Whole Life. Explanation:The two basic forms of whole life insurance are Traditional Whole Life and Interest Sensitive Whole Life.

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Q. What are the two basic forms of whole life insurance?
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