BUSINESS HIGH SCHOOL

Question 7 of 10Both term life and whole life insurance policies:


A. Cover the policyholder's long-term health and disability expenses.


B. Pay money to beneficiaries upon the policyholder's death.


C. Earn interest on the amount of the policy.


O D. Have a maximum term of 40 years.


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Answers

Answer 1
Answer:

The insurance policies of term life and whole life insurance policies only pay money to beneficiaries upon the policyholder's death.

What is a term life and whole life insurance policies?

A term life assurance is a life policy for a limited period while the whole life assurance is a life policy for life.

The correct statement is that insurance policies of term life and whole life insurance policies only pay money to beneficiaries upon the policyholder's death.

Therefore, the Option B is correct.

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In order to help thestudent expand his/her knowledge I will help answer the question. This in hopethat the student will get a piece of knowledge that will help him/her throughhis/her homework or future tests.

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I hope it helps,Regards.   
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