Final answer:
Straight whole life insurance can be accurately described in all of these statements except that it does not provide a payout upon the insured's death.
Step-by-step explanation:
Straight whole life insurance can be accurately described in all of these statements except: it is a type of cash-value life insurance that has a death benefit and cash value. This means that not only does it provide a payout upon the insured's death, but it also accumulates a cash value over time that can be used by the policyholder.