Question

What is the purpose of Whole Life insurance policies?

a.

To provide living benefits

b.

To provide coverage for a specified period

c.

To spread the cost of insurance cover over a longer period

d.

To provide coverage for the entire lifetime of the insured

Posted under IC 89 Management Accounting

Answer: (d).To provide coverage for the entire lifetime of the insured Explanation:Whole life insurance is designed to provide coverage for the entire lifetime of the insured.

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Q. What is the purpose of Whole Life insurance policies?
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