Question: Which statement is false regarding switching policies? Multiple Choice: -The insurance industry is regulated by state insurance commissioners. -An author noted that half of those

Which statement is false regarding switching policies?

Multiple Choice:

-The insurance industry is regulated by state insurance commissioners.

-An author noted that half of those who buy whole or universal life drop them within 10 years.

-A new life insurance policy will cost more as you get older.

-Your need for life insurance coverage will change over time.

-You will always be insurable if you switch policies.

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