Which of the Following Statements About Term Life Insurance Is

Which of the following statements about term life insurance is correct?

A) It is administered primarily by the trust departments of commercial banks.
B) The premiums associated with a term insurance policy are fixed payments computed as an average of the premiums required over the expected life of the insured person.
C) It offers both insurance coverage and a savings feature.
D) It is a relatively short-term contract that provides financial protection for a temporary period.
E) Investors who prefer to receive current income can invest in income policies, and investors who are willing to accept higher risks in hopes of obtaining higher returns can invest in growth funds.