Answered

A whole life policy that will generate immediate cash value is a:

A. Limited-pay policy.
B. Continuous premium policy.
C. Variable life policy.
D. Single premium policy.



Answer :

GinnyAnswer

Final answer:

Whole life insurance provides a death benefit and cash value accumulation, which can be withdrawn at the end of the term.


Explanation:

Whole life insurance functions as a savings account and offers a death benefit. The accumulated cash value can be withdrawn at the end of the term, even if the policyholder is alive. However, the policy may not be a lucrative investment due to lower returns for the policyholder.


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