Which statement is incorrect with regards to life insurance.

Select one:

a$.$

A maximum premium payment for universal life insurance provides the greatest opportunity for tax$-$deferred growth.

b$.$

With respect to term insurance, the length of the term determines the premium to be paid for the insurance.

c$.$

Term insurance is the most expensive policy as it builds cash value.

d$.$

A life insurance policy with a shorter term is less expensive than a policy with a longer term.