What type of life insurance policy does NOT build a cash value for policyholders? A. Universal...

What type of life insurance policy does NOT build a cash value for policyholders?

	A.	Universal Life Insurance
	B.	Term life Insurance
	C.	Variable Life Insurance
	D.	None of the above build a cash value
	E.	Whole life Insurance

Solutions

Expert Solution

Ans B. Term life Insurance

Term life Insurance does NOT build a cash value for policyholders. Term life insurance generally do not pay the insured at the end of the period. The amount is paid in term insurance only on happening of the event during the insured period of term life insurance. They do not pay any annuity or lumpsum amount in case where the insured person has not died during the insurance period.

jeff jeffy answered 1 year ago

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