Whole Life Insurance Differs from Term Life in Which of the Following

question 43

Multiple Choice

Whole life insurance differs from term life in which of the following ways?

• A) Whole life has a rising premium as the policyholder ages, but term life has a fixed premium.
• B) Term life has a savings component while whole life is pure insurance.
• C) Term life is usually more expensive than whole life.
• D) Whole life is a combination of term life insurance and a savings account.

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