Which statement best compares the benefits offered by term-life insurance and whole-life insurance?Both types of insurance can be used for the education of the beneficiaries.Both types of insurance offer coverage for the rest of the policyholder’s life.Only term-life insurance policies often have a cash-value that can be borrowed against.Only whole-life insurance policies can be used for paying debts and business expenses.

Both term-life and whole-life insurance pay a death benefit to beneficiaries, which they can use for expenses such as education. Whole-life insurance generally lasts for the policyholder’s lifetime, while term-life coverage lasts for a specified period, so B is not correct. Cash value is associated with whole-life policies, not term-life policies, and either type’s benefit can help pay debts or business expenses.

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