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