Which statement best compares the benefits offered by term-life insurance and whole-life insurance?

Both term-life and whole-life insurance pay a death benefit to beneficiaries, which they can use for purposes such as education. Term-life coverage lasts for a set period, while whole-life coverage can last for the policyholder’s lifetime, so B is incorrect. Cash value is associated with whole-life policies, not term-life policies, and either type’s death benefit can help pay debts or business expenses.

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