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What are the three elements that make up a life insurance premium?

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What are the three elements that make up a life insurance premium?

The query is from Insurance topic

The question was posed to me in class test.

Other related questions to my question are:-

What are the 3 elements that make up the life insurance premium?

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What are the elements of life insurance premium?

What are the 3 main types of insurance?

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The correct answer by me is: - Whole life insurance is permanent insurance. Whole life insurance is a permanent* cash value policy that provides coverage for your whole life, rather than for a specified term.   

- Whole life insurance earns cash value.   

- Whole life insurance offers.

The title of my answer can be 3 basic elements that define a whole life insurance policy

The heading of my answer is The following are three basic elements that define a whole life policy:

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