Pete, who is 35 years old, has a life insurance policy with a death benefit of $150,000. At the age of 65 the cash values of his policy will be $150,000. What type of policy does he have?

A. Whole Life
B. An Endowment to the age of 65
C. Life Paid-up at 65
D. A 30-Year Term Plan

Ans: B. An Endowment to the age of 65

Business

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