n NISM Certifications
X NISM Series X
Medium

Whole Life Policies are suitable for building an estate for heirs because they provide coverage for the entire life of the insured, ensuring wealth transfer upon death.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Endowment Policy

  2. B

    Key Man Policy

  3. Whole Life Policy

    Correct answer

  4. D

    Money Back Policy

Why this is the answer

Whole Life policies offer lifelong coverage, making them ideal for estate planning and wealth transfer to heirs.

Test yourself for real

Take a full NISM Series X mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.