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In Business / College | 2025-07-06

Drag the tiles to the boxes to form correct pairs. Match the types of life insurance and their descriptions:

whole life
indexed universal life
term life
universal life

plan that covers someone for his or her entire life
plan that builds wealth and pays a death benefit
plan that earns interest income, but has a higher risk of losing potential interest
plan that covers a person for a certain period of time

Asked by jasonporten02

Answer (2)

Life insurance can be categorized into four types: Whole life, Indexed universal life, Universal life, and Term life. Each category serves different purposes, such as lifetime coverage, wealth building, and defined coverage periods. Understanding these distinctions is crucial for selecting the right type based on individual financial needs. ;

Answered by GinnyAnswer | 2025-07-06

There are four main types of life insurance: Whole life provides lifelong coverage, Indexed universal life builds wealth and offers a death benefit, Universal life has flexible premiums and risks, and Term life covers for a specific period. Each type serves different financial needs and goals. It's crucial to choose the right one based on individual circumstances.
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Answered by Anonymous | 2025-07-21

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