question 12 of 60 which of the following describes the face amount of an indexed whole life policy? a. it…

question 12 of 60 which of the following describes the face amount of an indexed whole life policy? a. it increases annually to keep pace with inflation. b. it is half of the cash - value. c. it is double of the cash - value. d. it remains the same for the entire policy period.

question 12 of 60 which of the following describes the face amount of an indexed whole life policy? a. it increases annually to keep pace with inflation. b. it is half of the cash - value. c. it is double of the cash - value. d. it remains the same for the entire policy period.

Answer

Brief Explanations:

Indexed whole - life policies are designed such that the face amount adjusts to account for inflation. This is typically done by increasing the face amount annually. The other options (half of cash value, double of cash value, remains the same) do not accurately describe the nature of the face - amount adjustment in an indexed whole - life policy.

Answer:

A. It increases annually to keep pace with inflation