Which of the following is false concerning term insurance?
A) Term life insurance has no excess premium or savings vehicle or accumulated cash value.
B) Term insurance is for a long-term, such as 20 years.
C) Term insurance premiums for individual policies often rise as a person ages.
D) Term policies are frequently offered as group plans or part of employee benefit packages which with risk pooling often offer lower average rates.
Correct Answer:
Verified
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