A 20-pay whole life policy differs from straight whole life in that:

A 20-pay whole life policy differs from

Multiple choice — select the best answer

ACoverage lasts only 20 years
BThe death benefit is paid over 20 years
CCash value is forfeited after 20 years
DPremiums are paid only for 20 years but coverage lasts for life

✓ Correct answer: D. Premiums are paid only for 20 years but coverage lasts for life Limited-pay whole life compresses premium payments into a set period; after that the policy is paid up, yet lifetime coverage continues.

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Topic: Life Insurance Basics & Types

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A 20-pay whole life policy differs from straight whole life in that:

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