Multiple Choice
Which of the following statements regarding term life insurance is true?
A) All term policies maintain a level premium throughout all periods of coverage while the amount of protection decreases.
B) Term life usually offers lower initial premiums than other types of insurance.
C) Term life insurance offers permanent coverage.
D) A major disadvantage of term insurance is the lack of a convertibility provision.
E) Term life insurance provides for the accumulation of cash value.
Correct Answer:
Verified
Correct Answer:
Verified
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