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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

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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.) O A. provides insurance until the premiums are paid B. provides life insurance when you pay premiums for 10 years C. is also called cash value life insurance, D. is also called savings-value life insurance Ethical Dilemma. Sorter Steve graduated from the condidered a wnoleife insurance policy that would provide $10.000 liter protection and accumulate a cavalue of his current anal noon by age 05. Two years later, attor Steve's mane bought a second policy Through his working years, he paid the $200 a premium per polley Slave kept remembering what the agent had told him my year before about each policy having a cash value of none Stere warge and dog out the posts from his satuty deposit bor so that he could begin to put the top tient. As he perdi o populed for that the cash value on the old policy w $17.000 and on the newer policy was only $15.000. The two Doors together amounted to only one the curent annual currunas far from the loro promised tom by die is to get bero nettical not showing Steve the potential impact of tien on the police challe? 5. Tosing just the trut Dorcy, wood te tarver been bettu est tout le $200 annual rang antas nat weed how he turneres per year (suma 30 year to con The agents are to show ove the potential impact of inflation on the othewa: Select the best w below) A non ha fated to fully and the factors that encore dames Omeri Ocow who the planet the lack of rage Hege b. Taking past the first pokey would even been bytter oft to invest the $200 are prenim per policy in mutus tunds that would have oven an amunt return of a percent per year (ausume a Xuyor ve period Select the best answer below) A betele would he had ay 32.000 worth of a perinvenido bet nest perform wie eine Oc Not raly, but had a total of 532.000 inwestreremon OD. No, because he could not have boonsure that the mutu tund would return percent Beneficiary. What is a beneficiary? Why is it important to periodically review your beneficiarios? The beneficiary is (Select the best answer below) O A. the person or persons named to receive the life insurance proceeds in the event the policyholder dies OB always the policyholder'in children OC. the person or persons who took care of the policyholder during the year prior to their death OD. the policyholder's attorney Why is it important to periodically review your beneficiaries? (Select the bost awer below) A. Any change in formily status such as marriage, divorce, or adoption needs to trigget a review of the beneficiarien fisted in your ite insurance policy 8. Any change in family status such as marriage, divorce, or death of a beneficiary needs to trigger a review of the beneficiaries listed in your life insurance policy C. Any change in family status such as marriage, divorce, or death of a grandparent needs to trigger a review of the beneficiarios listed in your life insurance policy D. Any change in family status such as marriago, birth of a child, or death of a beneficiary needs to trigger a review of the beneficiaries listed in your life insurance policy OOO

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