Whole Life insurance is often called ordinary life, or cash-value life insurance. This type of life insurance also gives you three guarantees. Select those three. The promise that your premium payments will decrease as you progress into your policy A guaranteed minimum rate of return on your cash value account A guaranteed death benefit amount The promise that your premium payments will not go up
Whole Life insurance is often called ordinary life, or cash-value life insurance. This type of life insurance also gives you three guarantees. Select those three. The promise that your premium payments will decrease as you progress into your policy A guaranteed minimum rate of return on your cash value account A guaranteed death benefit amount The promise that your premium payments will not go up
Chapter12: Life Insurance Planning
Section: Chapter Questions
Problem 3LTAI
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![Whole Life insurance is often called ordinary life, or cash-value life insurance. This type of life insurance also
gives you three guarantees. Select those three.
The promise that your premium payments will decrease as you progress into your policy
A guaranteed minimum rate of return on your cash value account
A guaranteed death benefit amount
The promise that your premium payments will not go up](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf4dbd0e-27e4-4372-b3fc-106eaf411340%2Fbc0e1b13-b8eb-43f2-b2d4-374ae9980c50%2Fkaql01_processed.png&w=3840&q=75)
Transcribed Image Text:Whole Life insurance is often called ordinary life, or cash-value life insurance. This type of life insurance also
gives you three guarantees. Select those three.
The promise that your premium payments will decrease as you progress into your policy
A guaranteed minimum rate of return on your cash value account
A guaranteed death benefit amount
The promise that your premium payments will not go up
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