Which of the following statement(s) about ‘Whole Life Insurance’ is/are correct?

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Which of the following statement(s) about ‘Whole Life Insurance is/are correct?

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1. It is a term insurance accompanied with a savings accumulation benefit.


2. The premium payments are higher as compared to term insurance as all premium payment is allocated towards cost of the protection cover.

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A. Both (i) and (ii)
B. Only(i)

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C. Only (ii)
D. Neither (i) nor (ii)

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Answer:- B. Only(i).

The Answer Of Which of the following statement(s) about ‘Whole Life Insurance’ is/are correct? is B. Only(i).