Suppose you are a ife insurance broker with a client who is interested in buying a whole life insurance policy. You explain to him the three major types of whole life insurences continuous premium, also known as limited payment, and single premium. Your client is a 33 -yearold man who does not have children and would like to provide a death benefit for his wife, He currently has considerable cash resources, so be is primarily interested in using the policr as a tax-sheltered investment vehide. Based on this information alone, you recommend that he purchase a whole lifpolicy. Your client takes your advice but wants to understand more about the different features of his policy: specifically the relationship between the premiums he pays, the cash value of his plan, and the death benefits his beneficiaries would receive in the event of his passing. To help illustrate, you show him the following greph: The graph projects the cash value and death protection for a $200,000 whole life policy, If the client were to die at age 90 , his beneficiaries would receive roughly in death protection cash value. If instead, at age 70 , the client were to. cancel or borrow against the policy, he would be able to withdraw up to whole iste insurance. True or Faise: The actual cash value of the plan is subject to change based on the policyholder's future medical conditions: True faise