n NISM Certifications
X NISM Series X
Medium

Whole Life Insurance provides coverage for the entire life of the insured or until a specified age, whichever occurs earlier, ensuring the policyholder’s estate transfer and lifelong protection.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The full family; A group of insured people

  2. B

    The entire life of the insured person; Upto a specific age of the eldest member of the family, whichever is earlier

  3. The entire life of the insured person; Upto a specified age, whichever is earlier

    Correct answer

  4. D

    The entire life of the insured person; The full family

Why this is the answer

Whole Life policies cover the insured’s life until death or until a specified age, whichever comes first, provided premiums are paid.

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