Post Utme Nile University 2023 Commerce Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Nile University Commerce examination.

Post Utme Nile University 2023 Commerce Objective / Multiple Choice

Question 29 POST_UTME_NILE_UNIVERSITY • 2023 • COMMERCE • objective

A company is considering two different insurance policies: a term life insurance policy and a whole life insurance policy. Which of the following is a characteristic of a whole life insurance policy?

Answer Options

A. It provides a death benefit only

Correct Answer B. It provides a death benefit and a cash value

C. It provides a death benefit and a savings component

D. It provides a death benefit only and a savings component

Correct Answer

Correct Option:

It provides a death benefit and a cash value

About This Question

This is Post Utme Nile University 2023 Commerce Question 29. It is one of the objective questions from the 2023 Post Utme Nile University Commerce examination.

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