Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

All of the following statements are true regarding an Ordinary (Straight) Life policy EXCEPT:

A. It does not have a guaranteed death benefit.
B. If the insured lives to age 100, the policy matures, and the face amount is paid to the insured.
C. It builds cash value.
D. It is funded by a level premium.

Sagot :

GinnyAnswer

Final answer:

An Ordinary (Straight) Life policy lacks a guaranteed death benefit, while offering cash value build-up and being funded by a level premium.


Explanation:

An Ordinary (Straight) Life policy does not have a guaranteed death benefit.

If the insured lives to age 100, the policy matures, and the face amount is paid to the insured.

It builds cash value and is funded by a level premium.


Learn more about Life Insurance here:

https://brainly.com/question/1400638


Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.