Which statement does NOT accurately describe a characteristic of cash value for whole life insurance?

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Which statement does NOT accurately describe a characteristic of cash value for whole life insurance?

A) Cash value grows gradually over time

B) If the policy is canceled, you may be entitled to some or all of the accrued cash value

C) Policy that accumulates cash value is less expensive than a policy that does not accumulate cash value

D) When an insured person dies, the beneficiary will receive the death benefit but the insurance company keeps the cash value

Answer: C

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