Describe whole life insurance.(1 point) Responses 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. 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. It is a type of permanent life insurance that offers flexibility on how to invest the cash value of the policy.
Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured individual, as long as the premiums are paid. It has a cash value component that grows over time and can be used for various purposes such as borrowing against it or withdrawing funds. The death benefit remains constant throughout the policy, providing financial protection for the insured's beneficiaries.
whats the answer
The answer is: Whole life insurance is a common permanent life insurance policy that lasts as long as the premiums continue to be paid, and the death benefit remains constant for the length of the policy.
