Whole Life Insurance. What is whole life insurance? What benefit does it provide that term insurance does not? Whole life insurance: (Select the best answer below.) A. allows policyholders to terminate their policy and withdraw the cash-value savings they have accumulated. B. allows policyholders to terminate their policy but not withdraw any premiums they have paid. C. is also called savings-value life insurance. D. has a fixed value for the policyholder. Whole Life Insurance. What is whole life insurance? What benefit does it provide that term insurance does not? Whole life insurance: (Select the best answer below.) A. allows policyholders to terminate their policy and withdraw the cash-value savings they have accumulated. B. allows policyholders to terminate their policy but not withdraw any premiums they have paid. C. is also called savings-value life insurance. D. has a fixed value for the policyholder