Georgia Life, Accident, and Sickness Practice Exam 2025 – Comprehensive Test Prep

The policy that does not have a term and provides lifelong coverage as long as premiums are paid is the Whole Life policy. This type of insurance is designed to remain in force for the insured's entire life, offering both death benefits and a cash value component.

Whole Life policies require the policyholder to pay premiums consistently, and in return, they are guaranteed a death benefit that the beneficiaries receive upon the insured's passing. Additionally, these policies accumulate cash value over time, which can be borrowed against or withdrawn, providing an added financial asset for the policyholder.

In contrast, other options such as Universal Life policies typically offer more flexible premium payments and death benefits but can also lapse if premiums aren't paid. Term Life policies cover a specific time period and do not provide lifelong coverage. Lastly, Accidental Death policies only pay if the insured dies as a result of an accident and do not offer lifelong coverage either. Therefore, Whole Life policies stand out as a solution for individuals looking for permanent insurance protection.