Which of the following statements is true of a term life insurance? a. A term life insurance policy is administered primarily by the trust departments of commercial banks. b. The cost of a term life insurance generally decreases with each renewal as the risk of premature death increases as the insured ages. c. The premiums associated with a term insurance policy are fixed payments computed as an average of the premiums required over the expected life of the insured person d. A term life insurance is a relatively short-term contract that provides financial protection for a temporary period. Oe. A term life insurance offers both insurance coverage and a savings feature