What type of life insurance is synonymous with straight life and ordinary life?

The answer is B, as continuous premium whole life insurance is indeed synonymous with straight life and ordinary life insurance. This type of life insurance provides coverage for the insured's entire lifetime, as long as premiums are paid. It accumulates cash value over time, which can be borrowed against or withdrawn.

The terminology of "straight" or "ordinary" refers to the level premium structure, meaning that the premium amounts remain constant throughout the life of the policy. This stability in premium payments contrasts with other forms of life insurance, which may have varying payment structures.

In comparison, universal life insurance offers more flexibility in premium payments and death benefits, while variable premium whole life insurance has elements tied to market performance and can fluctuate in cash value and premiums. Term life insurance, on the other hand, is temporary and does not build cash value or provide coverage for life; instead, it covers the insured only for a specified period. Understanding these distinctions emphasizes why continuous premium whole life insurance aligns with the concepts of straight life and ordinary life insurance.