Which of the following statements pertaining to modified whole life and graded premium whole life policies is NOT correct?

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Which of the following statements pertaining to modified whole life and graded premium whole life policies is NOT correct?

A) Modified whole life contracts build cash values and have premium-paying periods to age 100.

B) The premium for modified whole life increases each year after the first few years of policy issue.

C) The premium for graded premium whole life increases each year during the first few years after policy issue.

D) Graded premium whole life policies build cash values and have premium-paying periods to age 100.

Answer: The premium for modified whole life increases each year after the first few years of policy issue.

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