One of the advantages of T-Bills is that they are exempt from federal taxes but subject to state income taxes

Which of the following statements is false in regard to a Life Paid-up at-65 whole life policy?

A. Premium payments will be higher than a straight whole life policy. B. The policy will mature at the death of the insured or age 100, whichever occurs first. C. Premium payments stop at age 65. D. The policy will endow at age 65.

Some consumers flaunt their wealth by buying expensive products and brands that others will notice. Such behavior is referred to as "luxury badging."

Indicate whether the statement is true or false