Question

describe whole life insurance. (1 point)
it is a common permanent life insurance policy, which lasts as long as the premiums continue to be paid, and the death benefit remains constant for the length of the policy.
it is a type of permanent life insurance that offers flexibility on how to invest the cash value of the policy.
it covers the employees income and medical costs when they are hurt on the job and therefore are unable to work for a long time.
it is sponsored by the employer as part of benefits and provides protection to an employee while they cannot work and therefore cannot earn an income.

Explanation:

Whole life insurance is a permanent life insurance product. It remains active for the policyholder's lifetime as long as premiums are paid, with a fixed death benefit. The second option describes universal life insurance, while the last two refer to workers' compensation/disability insurance, not whole life insurance.

Answer:

It is a common permanent life insurance policy, which lasts as long as the premiums continue to be paid, and the death benefit remains constant for the length of the policy