Ordinary Whole Life provides insurance protection to age 100, cash value accumulation to age 100, and fixed level premium payments. Which statement best describes Ordinary Whole Life?

Ordinary Whole Life provides insurance protection to age 100, cash value accumulation to age 100, and fixed level premium payments. Which statement best describes Ordinary Whole Life?

• A. It provides coverage to age 65 with increasing premiums
• B. It builds cash value but has flexible premiums
• C. It has term coverage only
• D. It provides insurance to age 100, cash value accumulation to age 100, and fixed level premium payments

Answer: (D)

Ordinary Whole Life is a permanent life policy designed to provide lifelong protection with level premiums and a cash value that grows over time. It lasts for the insured’s lifetime (often illustrated to age 100) while the premiums stay fixed, and the cash value accumulates and can be borrowed against. This combination—insurance to age 100, cash value accumulation to age 100, and fixed level premium payments—best describes Ordinary Whole Life. The other options describe features not aligned with this product: coverage ending earlier or premiums that rise, or premiums that are flexible, or no cash value at all.

Ordinary Whole Life is a permanent life policy designed to provide lifelong protection with level premiums and a cash value that grows over time. It lasts for the insured’s lifetime (often illustrated to age 100) while the premiums stay fixed, and the cash value accumulates and can be borrowed against. This combination—insurance to age 100, cash value accumulation to age 100, and fixed level premium payments—best describes Ordinary Whole Life. The other options describe features not aligned with this product: coverage ending earlier or premiums that rise, or premiums that are flexible, or no cash value at all.