Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

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


We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.