Question

Which one of the following would provide death protection up to age 100?

a) Term life insurance
b) Whole life insurance
c) Universal life insurance
d) Variable life insurance

Answer 1

Whole life insurance provides death protection up to age 100 by covering the insured for their entire lifetime and combining a death benefit with a cash value account. thus,the correct option is B).

Step-by-step explanation:

The type of life insurance that would provide death protection up to age 100 is b) Whole life insurance.

Unlike term life insurance, which is purchased for a specific term or period, whole life insurance covers the insured for their entire lifetime, as long as premiums are paid.

It combines a death benefit with a savings component, whereby a portion of the premium contributes to a cash value account, which grows over time and may be used by the policyholder.

Answer 2

The following would provide death protection up to age 100 (b) Whole life insurance provides death protection up to age 100.

Step-by-step explanation:

Whole life insurance is a type of permanent life insurance that offers coverage for the entire lifetime of the policyholder. Unlike term life insurance, which provides coverage for a specific term, whole life insurance does not expire as long as the premiums are paid. One key feature is the guaranteed death benefit, which ensures that the policyholder's beneficiaries receive a payout upon the insured's death, even if it occurs after the age of 100.

Additionally, whole life insurance policies often accumulate cash value over time, providing a savings component that can be accessed or borrowed against during the policyholder's lifetime.

Option B is correct.