Which of the following statements is false concerning term life insurance?
A) The premiums increase as you renew the policy.
B) It will expire and be of no value if not renewed.
C) It has a cash value or savings feature as long as you keep the policy active.
D) It provides the same amount of cash to a beneficiary as whole life policies.
Correct Answer:
Verified
Q20: Life insurance is critical to protect a
Q21: A disadvantage of term insurance is that
A)
Q22: Universal life insurance is similar to whole
Q23: If you want to borrow money from
Q24: Term insurance provided to a designated group
Q26: A limited payment option on a whole
Q27: Universal life insurance does not vary from
Q28: Advantages of whole life insurance policies are
Q29: _ life insurance can only be by
Q30: Whole life insurance has a _ premium
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