which statement is true about a whole - life insurance policy? it accumulates cash value for the…

which statement is true about a whole - life insurance policy? it accumulates cash value for the policyholder. the annual premium needs to be paid in full in one payment. the policyholder needs to own a home. it can only be bought by people under the age of 50.

which statement is true about a whole - life insurance policy? it accumulates cash value for the policyholder. the annual premium needs to be paid in full in one payment. the policyholder needs to own a home. it can only be bought by people under the age of 50.

Answer

Brief Explanations:

Whole - life insurance policies accumulate cash value over time. Premiums can be paid in installments, home - ownership is not a requirement, and they can be bought by people over 50.

Answer:

It accumulates cash value for the policy holder.