Question

term insurance covers the insured for the stated term of the policy. true false user: two statements are true of ordinary whole-life insurance policies?

Answer 1

Here are the answers to the given question above.
The first statement would be TRUE. It is true that term insurance covers the insured for the stated term of the policy.
The statements that are true of ordinary whole-life insurance policies include the following:
-The insured pays premiums on this type of insurance until his death.
-The insured only has to pay on this type of policy for a certain number of years.

Answer 2

I believe the answer is: True

For example, every individuals are subjected to the risk of experiencing some sort of health problems, that might cost us a lot of money.

When a person bought a health insurance that person would transfer the financial risk that might occurs because of their health condition to the insurance company. So when that person need treatments, the insurance company would cover the cost.