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. has a fixed value for the policyholder. B. allows policyholders to terminate their policy and withdraw the cash-value savings they have accumulated. C. provides life insurance when you pay premiums for 10 years. D. allows policyholders to terminate their policy but not withdraw any premiums they have paid