An insurance policy that only requires a payment of premium at its inception, provides insurance protection for the life of the insured, and matures at the insured's age 100 is called

An insurance policy that only requires a payment of premium at its inception, provides insurance protection for the life of the insured, and matures at the insured's age 100 is called


A) Single premium whole life.

B) Modified Endowment Contract (MEC).

C) Level term life.

D) Graded premium whole life



Answer: Single premium whole life

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