III IC-104 Practice Questions - III IC-104 Products Of Life Insurance Exam

What is the primary feature of a Whole Life Policy?

It provides coverage only for a specific number of years. It guarantees returns based on equity market performance. It offers coverage for the entire lifetime of the life assured, typically up to age 100. It is solely designed to pay a monthly income after retirement.

Correct Answer:

It offers coverage for the entire lifetime of the life assured, typically up to age 100.

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