Question

Which type of insurance contract provides cover throughout the policyholder's life?

a.

Term insurance contracts

b.

Whole life insurance contracts

c.

Endowment insurance contracts

d.

Annuity contracts

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Whole life insurance contracts Explanation:Whole life insurance contracts provide cover throughout the policyholder's life, with the benefit amount paid to the beneficiary upon the policyholder's death.

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Q. Which type of insurance contract provides cover throughout the policyholder's life?
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