Which type of insurance agent works exclusively for one insurance company and normally

cannot solicit for other companies?

a$.$ independent agent

b$.$ broker

c$.$ captive agent

d$.$ broker$-$dealer

Henry is the insured under a $$100,000,20-$year level term policy, while his brother, Ed$,$

purchased a $$100,000,20-$year decreasing term policy. The insurance company issued both

policies on January $1$ of this year. Which statement about their policies is CORRECT?

a$.$ Henry and Ed both have the same amount of protection during the entire $20-$year term.

b$.$ If Henry and Ed both die in ten years, Henry's beneficiary will receive more than Ed's

beneficiary.

c$.$ Both policies will accumulate cash value.

d$.$ If Henry and Ed both die in $25$ years, Henry's beneficiary will receive less than Ed's beneficiary.