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Which one of the following statements concerning whole life insurance is false? Group of answer choices Whole life insurance premiums paid throughout the insured’s lifetime are ordinary life policies. Level-premium whole life insurance accumulates a cash value that eventually reaches the face value of the policy at age 100 - 120. Whole life insurance offers permanent protection throughout the insured’s lifetime. Whole life insurance can be participating, which means the insured must participate in selfdirected investments for the cash value.

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Answer:

Whole life insurance can be participating, which means the insured must participate in self-directed investments for the cash value

Explanation:

Insurance is a form of protection against kinds of loss.

whole life insurance is an insurance policy that allows a lifetime coverage, which means the other insurance is for lifetime and not a specific given time provided that the person continues to pays his/premium. It should be noted that Whole life insurance offers permanent protection throughout the insured’s lifetime and premiums are paid throughout the insured’s lifetime.