Question on: SS2 Commerce - Types of insurance
What is the cash value component of whole life insurance?
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A
The amount paid to the beneficiaries upon the insured person's death
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B
The portion of premiums that builds up as a savings component
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C
 The sum of money paid out upon reaching the maturity date
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Correct Option: B
The portion of premiums that builds up as a savings component
Â
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