Question

Describe whole life insurance.

A. It is a type of permanent life insurance that offers flexibility on how to invest the cash value of the policy.
B. It is a common permanent life insurance policy, which lasts as long as the premiums continue to be paid,
and the death benefit remains constant for the length of the policy.
C. It is sponsored by the employer as part of benefits and provides protection to an employee while they cannot work and therefore cannot earn an income.
D. It covers the employee's income and medical costs when they are hurt on the job and therefore are unable to work for a long time

Answer 1

The answer is a hope it helps

Answer 2

Whole life insurance, also known as traditional life insurance, provides permanent death benefit coverage for the life of the insured. In addition to paying a death benefit, whole life insurance also contains a savings component in which cash value may accumulate. Interest accrues at a fixed rate and on a tax-deferred basis.