l1Jasolen8vanale
l1Jasolen8vanale l1Jasolen8vanale
  • 04-05-2016
  • Business
contestada

Whole-life insurance has a cash value for the insured person if he decides to stop paying premiums and cash the policy in.
a. True
b. False

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taskmasters
taskmasters taskmasters
  • 11-05-2016
Whole-life insurance has a cash value for the insured person if he decides to stop paying premiums and cash the policy in. This statement is a fact (true). If the insured person gives up his policy he will receive the cash value not the face amount. If he dies, his beneficiaries will receive the face amount.
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