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Which among the following is a limitation of traditional life insurance products?
Answer & Solution
Correct Answer:
Option
D
Rate of return is not easy to ascertain in traditional life insurance products. A traditional whole life policy is a type of life insurance contract that provides for insurance coverage of the contract holder for his/her entire life. These policies also include an investment component, which accumulates a cash value that the policyholder can withdraw or borrow against.
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