Which of the following statements is (are) true about savings bank lif

Which of the following statements is (are) true about savings bank life insurance (SBLI)?

I. Each depositor at the savings bank receives life insurance equal to his or her savings account balance.
II. The goal of SBLI is to provide low-cost life insurance to consumers.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: B