Malia purchases a $50,000 5-year level term policy. Which of the following statements about Malia’s coverage is NOT correct?

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Malia purchases a $50,000 5-year level term policy. Which of the following statements about Malia’s coverage is NOT correct?

A) If Malia dies at any time during the 5 years, her beneficiary will receive the policy’s face value.

B) If Malia dies after the specified 5 years, only the policy’s cash value will be paid.

C) If Malia lives beyond the 5 years, the policy expires and no benefits are payable.

D) The policy provides a straight, level $50,000 of coverage for 5 years.

Answer: If Malia dies after the specified 5 years, only the policy’s cash value will be paid.

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