Darcy buys a life insurance policy on her own life, under which she pays the annual premiums. The insurance is issued for a specific period, but is renewable for similar periods. Darcy is covered only as long as she makes the payments. There is no cash value portion to the policy. Darcy probably owns
a. whole life insurance.
b. key-person life insurance.
c. term life insurance.
d. an annuity.
c
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