Kirssa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true?
- The policy automatically converts to whole life after the 10-year period
- The face amount will remain constant and the premium will increase over the 10-year period
- The premium will retain constant and the face amount will insurance will increase over the 10-year period
- The face amount and premium will remain constant over the 10-year period
