Which of the following is a feature of a whole life insurance policy?

A feature of a whole life insurance policy is that it provides permanent coverage for the insured's entire life, as long as the premiums are paid. This characteristic distinguishes whole life insurance from term life insurance, which only covers the insured for a specified period. Whole life policies build cash value over time, which can be accessed while the policyholder is still alive. This cash value growth is typically guaranteed, along with the death benefit, which ensures that the beneficiaries receive a payout upon the insured’s death.

This long-term protection is a key reason individuals choose whole life insurance, as it offers both a death benefit and a savings component, providing financial security throughout the insured's lifetime. The other options mentioned do not align with the fundamental features of whole life insurance. For instance, adjustable premiums are generally associated with adjustable life policies, coverage for a set term refers to term life insurance, and investment in stocks and bonds pertains to variable life policies rather than whole life insurance.