Question 1003 of 287 · Texas Life, Accident and Health Agent Exam
A single-premium whole life policy is purchased by
Exactly one answer is correct.
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Correct answer to question 1003
- D: paying one lump sum at issue, after which no further premiums are due
Explanation
Single-premium life is fully paid by one deposit at the start, so it builds cash value immediately. It is a form of limited-pay whole life, with the shortest possible payment period.
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