Which of the following statements concerning the methods of providing life insurance is (are) correct? One: Term insurance is a form of life insurance in which the death proceeds are payable in the event of the insureds death during a specified period and nothing is paid if the insured survives to the end of that period. Two: The mortality cost for term insurance is determined by the death rate for the attained age of the individual involved. a. 1 only. b. 2 only. c. Both 1 and 2. d. Neither 1 nor 2.