Question

Choose as many answers as apply.

Which of the following two statements are true of ordinary whole-life insurance policies?
The insured pays premiums on this type of insurance until his death.
Ordinary whole life insurance covers the insured for the stated term of the policy.
The insured only has to pay on this type of policy for a certain number of years.
Ordinary whole life insurance has some value as an investment.

Answer 1

The insured pays premiums on this type of insurance until his death.
Ordinary whole life insurance covers the insured for the stated term of the policy.

Are true