question 55 of 60 which of the following describes the face amount of an indexed whole life policy? a. it is…

question 55 of 60 which of the following describes the face amount of an indexed whole life policy? a. it is double of the cash value. b. it remains the same for the entire policy period. c. it increases annually to keep pace with inflation. d. it is half of the cash value.

question 55 of 60 which of the following describes the face amount of an indexed whole life policy? a. it is double of the cash value. b. it remains the same for the entire policy period. c. it increases annually to keep pace with inflation. d. it is half of the cash value.

Answer

Brief Explanations:

Indexed whole - life policies are designed to adjust with inflation. The face amount of an indexed whole - life policy increases annually to keep pace with inflation, protecting the purchasing power of the death benefit.

Answer:

C. It increases annually to keep pace with inflation.