Buying Insurance Answers

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What is the main purpose of life insurance?

to invest in the stock market and mutual funds

to pay for the policyholder's medical expenses

to create a long-term savings account for the policyholder

to provide money to beneficiaries after the policyholder’s death

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Which type of life insurance allows you to invest the cash value in mutual funds?

term life insurance

whole life insurance

variable life insurance

universal life insurance

Which type of life insurance provides lifelong coverage with level premiums?

term life insurance

whole life insurance

variable life insurance

universal life insurance

Which type of policy is considered the most affordable option?

term life insurance

whole life insurance

variable life insurance

universal life insurance

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