Which type of policy stays in force for life with level premiums and pays a death benefit?

• A. Term Life
• B. Universal Life
• C. Ordinary Whole Life
• D. Endowment Life

Answer: (C)

Ordinary whole life is designed to provide lifelong coverage with fixed premiums. The premium stays level for the insured’s entire life, and the policy stays in force as long as those premiums are paid. It also builds cash value over time, and the death benefit is paid when the insured dies. This combination—life-long protection, level premiums, and a guaranteed death benefit—fits the description.

Term life covers a set period and ends when the term expires, so it won’t stay in force for life. Universal life offers flexible premiums and a death benefit that can vary, with cash value that changes over time. Endowment policies are designed to pay out at a specified maturity date (or upon death) and typically don’t operate as lifelong level-premium coverage.