Which of the following statements pertaining to a whole life policy is NOT correct?
A) It provides both insurance protection and living values.
B) The face amount may be paid as a lump sum at the policyowner's selected retirement age.
C) It is designed to mature or endow at the insured's age 100.
D) The policy offers insurance protection to age 100."
Ans: B) The face amount may be paid as a lump sum at the policyowner's selected retirement age.
Business
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Indicate whether the statement is true or false
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