Answer: 1) Whole life insurance
Explanation:
- Whole life insurance provides coverage for the entire lifetime of the insured, which can extend up to age 100 or beyond.
- Premium payments for whole life insurance policies remain constant throughout the life of the policyholder, offering predictability and stability in terms of financial planning.
- This type of policy also includes a cash value component that grows over time, providing additional benefits to the policyholder.
