Describe whole life insurance.(1 point)
Responses
It is a type of permanent life insurance that offers flexibility on how to invest the cash value of the policy.
It is a type of permanent life insurance that offers flexibility on how to invest the cash value of the policy.
It covers the employee’s income and medical costs when they are hurt on the job and therefore are unable to work for a long time.
It covers the employee’s income and medical costs when they are hurt on the job and therefore are unable to work for a long time.
It is a common permanent life insurance policy, which lasts as long as the premiums continue to be paid, and the death benefit remains constant for the length of the policy.
It is a common permanent life insurance policy, which lasts as long as the premiums continue to be paid, and the death benefit remains constant for the length of the policy.
It is sponsored by the employer as part of benefits and provides protection to an employee while they cannot work and therefore cannot earn an income.