n NISM Certifications
NSM General NISM
Medium

What is the main advantage of a whole life insurance policy?

Practice question from IC 38 Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Provides limited death benefit

  2. B

    Lower premiums than term insurance

  3. Remains in force until the insured’s death

    Correct answer

  4. D

    Cash value redeemable only on surrender

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

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