The main difference between immediate and deferred annuities is

A$.$ When the income payments begin.

B$.$ The number of insureds.

C$.$ How the annuity is purchased.

D$.$ The amount of each payment.

Which of the following statements is correct regarding a whole life policy?

A$.$ The policy premium is based on the attained age.

B$.$ Cash values are not guaranteed.

C$.$ The death benefit may increase or decrease during the policy period.

D$.$ The policyowner is entitled to policy loans.