Difference in buy term and invest the difference strategy

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The "difference" in the buy term and invest the difference strategy is the difference in ______________ between term life insurance and whole life insurance.

A. Premiums B. Average insured's life expectancy C. expense loads D. dividends

The primary reason life insurance policies have a savings element is to allow the:

a. Insured to accumulate funds to aid in the long term financing of private business enterprises

b. Insured to obtain lifetime protection at a level premium

c. Insurer to reduce the cost of insurance by investing money at high interest rates

D. Insured to have money for old age or for other purposes.

Reference no: EM13880655

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