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