Ask a Question

What is a modified benefit whole life policy?

← Prev Question Next Question →
+1 vote
105 views
in Insurance by (82.5k points)
What is a modified benefit whole life policy?

This interesting question is from Insurance topic

I have been asked this question in an interview for job.

Other related questions to my question are:-

What is a modified benefit whole life policy?

What is a modified benefit?

What is a modified policy?

What is a modified death benefit?

1 Answer

+1 vote
by (393k points)
selected by
 
Best answer
The correct answer is: A modified whole life insurance policy is a plan that has a waiting period of 2-3 years before the death benefits are payable. If the insured were to die during the waiting period, the insurance company will only refund premiums paid plus interest.Dec 7, 2021

The title of my answer is Modified Whole Life Insurance in 2022 [Prices, Pros & Cons]

Related questions

+1 vote
1 answer
Does whole life insurance pay death benefit and cash value?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are the different types of whole life policy?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are the two components of whole life insurance?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What happens to whole life cash value at death?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What is the catch with whole life insurance?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are the different types of whole life policies?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are 4 types of whole life policies?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
Welcome to TalkJarvis QnA, a question-answer community website for the people by the people. On TalkJarvis QnA you can ask your doubts, curiosity, questions and whatever going in your mind either related to studies or others. Experts and people from different fields will answer.

Most popular tags

biology – class 12 biology – class 11 construction & building materials chemistry – class 12 electronic devices & circuits network theory data structures & algorithms ii cell biology ic engine insurance finance money computational fluid dynamics engineering physics i discrete mathematics chemistry – class 11 aerodynamics casting-forming-welding i engineering mathematics operating system casting-forming-welding ii engineering drawing mysql engineering geology digital circuits wireless mobile energy management electrical measurements digital communications cyber security analytical instrumentation embedded systems electric drives cytogenetics advanced machining computer fundamentals life sciences basic civil engineering iot design of electrical machines physics – class 12 applied chemistry dairy engineering basic chemical engineering cloud computing microprocessor bioinformatics aircraft design aircraft maintenance software engineering drug biotechnology digital signal processing biochemistry data structures & algorithms i automotive engine design avionics engineering material & metallurgy energy engineering cognitive radio unix electrical machines biomedical instrumentation object oriented programming electromagnetic theory power electronics analog communications bioprocess engineering civil engineering drawing engineering metrology physics – class 11 mathematics – class 12 engineering chemistry i basic electrical engineering unit processes mongodb signals and systems cryptograph & network security hadoop mathematics – class 11 engineering physics ii html control systems engineering mechanics antennas analog circuits computer network java sql server javascript concrete technology chemical process calculation artificial intelligence design of steel structures c++ database management computer architecture engineering chemistry ii corrosion engineering chemical technology dc machines
Powered by TalkJarvis
...