Asked by
bader al-hamdan
on Dec 05, 2024
Verified
This type of life insurance has an investment portion and an insurance portion.The investment portion has a cash value and the insurance portion pays a death benefit.If the policyholder wants to change the death benefit,he or she must apply for a new policy.
A) Term life insurance
B) Decreasing term insurance
C) Whole life insurance
D) Universal life insurance
Investment Portion
The segment of an investment portfolio allocated to various investment vehicles according to a specific strategy.
Death Benefit
A payment made to the beneficiaries of an insurance policy or pension plan when the insured or participant dies.
Insurance Portion
The portion of a payment specifically allocated to cover insurance costs.
- Learn about various types of life insurance policies and how they serve different financial planning needs.
Verified Answer
MA
Learning Objectives
- Learn about various types of life insurance policies and how they serve different financial planning needs.
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