Business Studies, asked by chocogirlDonaldduck, 1 year ago

write a short note on " whole life insurance policy "

Answers

Answered by Gigabyte
1
Whole life insurance is a contract with premiums that includes insurance and investment components. Theinsurance component pays a predetermined amount when theinsured individual dies. The investment component builds an accumulated cash value the insured individual can borrow against or withdraw.
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