John would like to purchase a life insurance policy that offers level premiums from the time the policy is issued until his death. He also wants a policy that combines death protection with a savings element that can eventually be used for retirement purposes. John should consider purchasing which of the following plans?

John would like to purchase a life insurance policy that offers level premiums from the time the policy is issued until his death. He also wants a policy that combines death protection with a savings element that can eventually be used for retirement purposes. John should consider purchasing which of the following plans?



A) A 30-year term life insurance policy.

B) A single-premium whole life insurance policy.

C) Family maintenance policy.

D) A straight whole life insurance policy.



Answer: D) A straight whole life insurance policy. 

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