n NISM Certifications
X NISM Series X
Medium

In Whole Life Insurance, the coverage duration is:

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Upto a specific age of the eldest family member, whichever is earlier

  2. B

    Upto a specified age, whichever is earlier

  3. C

    For the full family

  4. For the entire life of the insured or until a specified age, whichever is earlier

    Correct answer

Why this is the answer

Whole Life policies provide coverage for the insured’s lifetime or until a predefined age, ensuring lifelong protection if premiums are paid.

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