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

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


A.premium on a whole life policy increases each year

B.no premiums are required when the insured turns age 65

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

Top Answer

Correct option is D.a whole life... View the full answer

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