Under a 20-pay whole life policy, in order for the policy to pay the death benefit to a beneficiary, the premiums must be paid

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Under a 20-pay whole life policy, in order for the policy to pay the death benefit to a beneficiary, the premiums must be paid

A. Until the policyowner's age 65.

B. For 20 years.

C. Until the policyowner's age 100, when the policy matures.

D. For 20 years or until death, whichever occurs first.

Answer: D. For 20 years or until death, whichever occurs first.

Life Insurance

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