Which statement about straight whole life insurance is NOT accurate?

Straight whole life insurance is designed to provide lifelong protection to the insured, meaning that the coverage does not expire as long as the premiums are paid. This characteristic ensures that beneficiaries will receive a death benefit no matter when the insured passes away, which is a fundamental aspect of whole life policies.

In addition, straight whole life insurance accrues cash value over time, which policyholders can often borrow against or access in other ways. The premiums for this type of insurance are also level, providing predictability in payments throughout the life of the policy.

The assertion that policy protection expires at age 65 contradicts the nature of whole life insurance, as this type of policy is meant to last for the insured's entire life rather than ending at a specific age. Therefore, the accurate answer identifies this incorrect statement about straight whole life insurance.