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Which of the following statements is/are correct? Term life insurance is considered pure insurance. Term life insurance premiums are significantly more expensive than premiums for

Which of the following statements is/are correct?

  1. Term life insurance is considered pure insurance.

  1. Term life insurance premiums are significantly more expensive than premiums for permanent policies.

  1. 1 only.

  1. 2 only.

  1. Both 1 and 2.

  1. Neither 1 nor 2.

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