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23 May, 01:37

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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Answers (1)
  1. 23 May, 04:31
    0
    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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