Which of the following statements about second-to-die life insurance is (are) true?

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Which of the following statements about second-to-die life insurance is (are) true?

The insurance is a form of endowment coverage.

The premium is lower than the combined cost of purchasing a life insurance policy on each insured.

A) I only

B) II only

C) both I and II

D) neither I nor II

Answer: B) II only

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