Question

Which type of life policy would best suit someone who retires in good health with a large amount of cash, whose investment goals are conservative?

Answer 1

Single premium whole life insurance

Step-by-step explanation:

Single premium whole life insurance is the most suitable sort of life plan that accommodates someone who retires in good fitness with a huge amount of money, whose financing purposes remain conventional. Single-Premium Whole Life (SPL) is a sort of life assurance in which a big amount of money is spent toward the protection plan in replacement for a death advantage that is completely promised to remain paid-up continuously till thou die.