Which of the following is NOT a guarantee provided by a Whole Life Policy?

A Whole Life Policy is designed to provide benefits that are predictable and stable, making it a popular choice for individuals looking for lifelong insurance coverage. One of the distinguishing features of whole life insurance is its guarantees, which generally include fixed premiums, lifelong coverage as long as premiums are paid, and the accumulation of cash value over time.

When considering guarantees, the policy assures that premiums will remain the same throughout the life of the policy, ensuring the policyholder can budget effectively. Additionally, as long as premiums are maintained, the individual is guaranteed coverage for their entire lifetime, which provides peace of mind that loved ones will be protected.

The accumulation of cash value is another critical aspect; whole life policies are structured to build cash value that can be accessed during the policyholder's lifetime. However, these cash values typically start to accumulate gradually, and while they become more significant over time, there is no specific guarantee of receiving a cash value after a set period, such as 10 years. This means that while cash value will develop, it does not necessarily equate to a promise of a specific amount being available after a certain number of years, which makes the statement about receiving cash value after 10 years not a guarantee.

Therefore, the assertion regarding guaranteed cash value