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Match the types of life insurance with their descriptions A. The policy holder has flexibility to decide on premiums paid. Death benefit depends on those
Match the types of life insurance with their descriptions
- A. The policy holder has flexibility to decide on premiums paid. Death benefit depends on those premiums and performance of investments.
- B. No guaranteed death benefit. Instead the benefit paid depends on performance of separate investment accounts chosen by the insured from those managed by the insurance company.
- C. Pure life insurance. When the insured dies, the death benefit is paid out.
- D. In addition to paying the death benefit, the investment value is paid out.
1. Term insurance | |
2. Whole life insurance | |
3. Variable life insurance | |
4. Universal life insurance |
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