Both term life and whole life insurance have different benefits, depending on your personal situation.
Which of the following is a benefit of whole life insurance?
Choose 1 answer:
Choose 1 answer:
(Choice A) It has lower initial premiums than term life insurance.
A
It has lower initial premiums than term life insurance.
(Choice B) It guarantees a fixed return on investment.
B
It guarantees a fixed return on investment.
(Choice C) It builds cash value over time.
C
It builds cash value over time.
(Choice D) It only lasts for a specified period of time.
D
It only lasts for a specified period of time.