n NISM Certifications
NSM General NISM
Medium

What is the key difference between whole life insurance and term assurance policies?

Practice question from IC 38 Mock Test 9 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Whole life insurance provides temporary coverage, while term assurance provides permanent coverage

  2. Whole life insurance provides permanent coverage, while term assurance provides temporary coverage

    Correct answer

  3. C

    Both provide temporary coverage

  4. D

    Both provide permanent coverage

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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