Question

What are the different types of whole life policy?

My query is from Insurance topic

I got this question in examination.

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What are 4 types of whole life policies?

What are the five types of variations of whole life insurance?

What are the different types of life insurance and how do they differ?

What is the difference between whole life insurance and modified whole life insurance?

Answer 1

Correct answer is: Whole life or permanent insurance pays a death benefit whenever you die—even if you live to 100! There are three major types of whole life or permanent life insurance—traditional whole life, universal life, and variable universal life, and there are variations within each type.

The title of my answer can be What are the principal types of life insurance? | III