Question

What are the two primary classes of life insurance?

The origin of the question is Insurance subject matter

I got this question in a job interview.

Other related questions to my question are:-

What are the primary types of insurance?

What are the two main purposes of life insurance?

What is the difference between the two types of life insurance?

What are the two major types of life insurance quizlet?

Answer 1

The correct answer by me is: There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life, variable life and variable universal life.

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