The correct answer is: B. Whole life insurance.
Whole life insurance is a type of permanent life insurance that provides both death benefit protection and cash value accumulation. The death benefit is paid to your beneficiaries if you die, while the cash value can be used for a variety of purposes, such as retirement savings, college tuition, or a down payment on a home.
Whole life insurance is more expensive than term life insurance because it provides both death benefit protection and cash value accumulation. Term life insurance, on the other hand, only provides death benefit protection.
Broad form insurance is a type of property insurance that covers a wide range of perils, such as fire, theft, and vandalism. It is typically less expensive than comprehensive insurance, which covers a wider range of perils, including water damage and mold.
Health insurance is a type of insurance that covers the cost of medical care. It is typically provided by employers or the government. The cost of health insurance varies depending on the type of plan, the level of coverage, and the age of the insured person.
Term insurance is a type of life insurance that provides death benefit protection for a specific period of time, such as 10 or 20 years. It is typically less expensive than whole life insurance because it does not provide cash value accumulation.