All of the following statements about ordinary whole life insurance are true EXCEPT: the cash value grows to equal the face value of the policy at the terminal age in the mortality table O premiums must be paid for the lifetime of the insured O premiums are level throughout the period the cash value of the policy at any given age is not guaranteed Which of the following statements about limited-payment life insurance is true? the policy face value is paid to the beneficiary at the end of the premium- payment period its use is appropriate when an insured wants the maximum amount of permanent death protection per dollar of annual premium the premium decreases each year during the premium-payment period other things being equal, limited-payment policies build cash values more rapidly than continuous-premium policies Which of the following is characteristic of variable life insurance policies? death protection can expire if investment experience is poor shifts investment risk from the insured to the insurer allows the death benefit to increase to offset the effects of inflation O offers guaranteed minimum cash values premiums vary from year to year