We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life Insurance could be thought of as a combination of Term Life insurance and the Cash Value account feature of Whole Life insurance. Which of the two components provides a death benefit/insurance payout if needed? Term Life component Cash Value account A combination of the Term Life component & Cash Value account None of the above
We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life Insurance could be thought of as a combination of Term Life insurance and the Cash Value account feature of Whole Life insurance. Which of the two components provides a death benefit/insurance payout if needed? Term Life component Cash Value account A combination of the Term Life component & Cash Value account None of the above
Chapter12: Life Insurance Planning
Section12.2: There Are Only Two Types Of Life Insurance
Problem 4CC
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![We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life
Insurance could be thought of as a combination of Term Life insurance and the Cash Value account feature of
Whole Life insurance. Which of the two components provides a death benefit/insurance payout if needed?
Term Life component
Cash Value account
A combination of the Term Life component & Cash Value account
None of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5281679a-c144-4792-a564-38deea045858%2F5ff5d486-fbef-407d-a6d3-ef3d86a1dc97%2Frdvsal_processed.png&w=3840&q=75)
Transcribed Image Text:We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life
Insurance could be thought of as a combination of Term Life insurance and the Cash Value account feature of
Whole Life insurance. Which of the two components provides a death benefit/insurance payout if needed?
Term Life component
Cash Value account
A combination of the Term Life component & Cash Value account
None of the above
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