Which of the following statements is true of a term life insurance a

Question

Which of the following statements is true of a term life insurance?

a. A term life insurance policy is administered primarily by the trust departments of commercial banks.

b. The premiums associated with a term insurance policy are fixed payments computed as an average of the premiums required over the expected life of the insured person.

c. A term life insurance offers both insurance coverage and a savings feature.

d. A term life insurance is a relatively short-term contract that provides financial protection for a temporary period.

e. The cost of a term life insurance generally decreases with each renewal as the risk of premature death increases as the insured ages.

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