Whole life insurance is generally most suitable for a client who wants:
Explanation
Whole life fits a client who values permanent, lifelong coverage together with a guaranteed cash value that builds over time. A client focused only on the lowest premium for a temporary need is better served by term. Someone needing coverage just until the children are grown also typically uses term. A client wanting pure investment growth with no death protection would not buy life insurance at all. Whole life's combination of lifetime protection and savings defines its ideal use.
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- An applicant with a significant but insurable health impairment will most likely be placed in which underwriting classification?
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