Question

Which of the following is not a type of life insurance product
A.Health insurance
B.Whole life policy
C.Term insurance
D.Pension and Savings plans

Answer 1

Answer:

C) Term insurance

Explanation:

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Answer 2

Concept

Insurance is a risk management tool. Insurance provides protection against unforeseen financial losses. If anything horrible happens to you, your insurance company compensates you or someone you designate. If you do not have insurance and an accident occurs, you may be held liable for all associated costs.

Given

Which of the following is not a type of life insurance product

A.Health insurance

B.Whole life policy

C.Term insurance

D.Pension and Savings plans

Find

We are asked to choose the correct option.

Solution

From the given alternatives term isurance is not a type of life insurance product. Term life insurance, often known as term assurance, is a type of life insurance that offers coverage for a set period of time (the applicable term).

Hence (c) option term insurance is the correct answer.