Which of the following statements about term insurance is true? A) Th

Which of the following statements about term insurance is true?

A) The coverage is appropriate if the goal is permanent lifetime protection.
B) Most policies can be renewed for additional periods without evidence of insurability.
C) Premiums increase at a constant rate each time the policy is renewed.
D) Most policies have a cash value that is refunded when coverage ceases.

ANSWER

Answer: B