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.