Abby Miller purchased a typical five$-$year increasing term life insur ance policy on the life of her husband, Sam.

With regard to whether the benefit amount and premium amount for her policy will change during the policys

term, it is correct to say that

IAt

$12$

$18$

the policy benefit will increase at stated intervals over the policy term, but the policy premium will

remain the same over the policy term

the policy benefit will decrease at stated intervals over the policy term, but the policy premium will

remain the same over the policy term

Next Question

both the policy benefit and the policy premium will decrease at stated intervals over the policy term