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Which of the following statements concerning term life insurance is (are) correct? -Because death rates rise at an increasing rate as ages increase, the mortality

  1. Which of the following statements concerning term life insurance is (are) correct? -Because death rates rise at an increasing rate as ages increase, the mortality cost for term insurance also rises at an increasing rate. -Term insurance has a cash value.

    1 only.

    2 only.

    Both 1 and 2.

    Neither 1 nor 2.

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