A life insurance policy that pays whether the policyholder lives or dies is called?
Sunday, May 9th, 2010 at
2:29 pm
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Definitely not Term insurance. Whole life or universal life, pays when you die, they also pay some dividends. Plus they have a cash in value too. They have so many terms for the same products you need a scorecard. A and D may be the two I am talking about. They really got bad press and bad names 10-20 years ago. I guess they just changed the names to confuse the public. Good Luck!
It would be "D" 20-year endowment because the policy will pay the face amount of the policy during the 20 years or when the policy matures.