8- In general, all of the following statements about whole life insurance are correct Expect: Whole life insurance does not build cash value (page…

8- In general, all of the following statements about whole life insurance are correct Expect:

a.    Whole life insurance does not build cash value (page 222 in the book)

b.    The mortality charges rise over time

c.     The policyholder can drop the policy at any time

d.    The policyholder can drop the policy at any time.

e.    The insured must undergo an extensive medical exam for larger policies. 

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