Another name for permanent life insurance is:
Understand the Problem
The question is asking for another name for permanent life insurance, providing multiple choice options to choose from. The focus is on identifying a specific type of life insurance that qualifies as permanent.
Answer
Whole life.
The final answer is Whole life.
Answer for screen readers
The final answer is Whole life.
More Information
Permanent life insurance is often synonymous with whole life insurance because it offers coverage for the policyholder's entire lifetime and includes a savings component.
Tips
A common mistake is confusing term policies with permanent ones; term policies have a defined expiration.
Sources
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