Which of the following statements is (are) true with regard to using i

Which of the following statements is (are) true with regard to using interest-adjusted cost data when shopping for life insurance?

I. Cost indexes apply to new policies and should not be used to determine whether to replace a policy.
II. Cost indexes should only be used to compare similar plans of insurance.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: C