A Whole Life Policy Differs from a Term Policy in That

Multiple Choice

A whole life policy differs from a term policy in that:

A) Premium on a whole life policy increases each year
B) No premiums are required when the insured turns 65 years
C) The rate on a whole life policy is always lower than that charged on a term policy
D) A whole life policy accumulates cash value, whereas a term policy does not
E) None of the above