Question

Given below are some versions of traditional whole life insurance plans. Identify the odd one out.

a.

Non-Participating Whole life

b.

Econometric Whole life

c.

Universal Life

d.

Limited Payment Whole Life

Posted under IC 89 Management Accounting

Answer: (c).Universal Life Explanation:Universal life insurance is a different category than traditional whole life insurance. It is a type of permanent life insurance that combines a death benefit with a savings component. Policyholders have flexibility in premium payments and death benefit amounts.

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Q. Given below are some versions of traditional whole life insurance plans. Identify the odd one out.
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