All of the following statements concerning the methods of providing life insurance protection are correct EXCEPT

A$.$An insurance company can use three approaches to provide life insurance protection; term insurance, which is temporary, or cash value insurance, which is permanent protection that builds up a reserve or savings account, or universal insurance which combines elements of both approaches.

B$.$Term insurance is a form of life insurance in which the death proceeds are payable in the event of the insured's death during a specified period and nothing is paid if the insured survives to the end of that period.

C$.$The net premium for term insurance is determined by the survival rate for the attained age of the individual involved.

D$.$Because death rates rise at an increasing rate as ages increase, the net premium for term insurance also rises at an increasing rate