Question

write a short note on " whole life insurance policy

Answer 1

in this kind of a policy the amount payable to the insured will not be paid before the death of the assured. the sum then becomes payable only to the beneficiaries or her of the decrease. the premium will be payable for a fixed period 20 or 30 Or forthe whole life of the assured.if the premium is payable for a fixed period the policy will continue till the death of the assured