Multiple Choice
Which of the following is true with regard to term life insurance contracts?
A) Policies of less than 10 year length are illegal in 13 states.
B) One form of term life increases the amount of insurance as the balance due on a mortgage declines over time.
C) Renewable term life insurance guarantees the insured that upon renewal, his premiums will not increase.
D) Term insurance provides temporary protection.
Correct Answer:

Verified
Correct Answer:
Verified
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