The correct answer is D. Both the statements above are wrong.
Life insurance is not the best savings scheme for all persons. It is a good way to protect your loved ones financially in the event of your death, but it is not a good way to save for retirement or other long-term goals. Life insurance policies typically have high fees and low returns, so you will likely end up with less money than you put in if you use life insurance as a savings vehicle.
Life insurance is also not the best investment scheme for young persons. Young people should focus on saving for retirement and other long-term goals, and they should not invest in life insurance policies. Life insurance policies are designed to protect your loved ones financially in the event of your death, not to make you money.
There are many other, better ways to save and invest money. For example, you could open a savings account, invest in stocks or bonds, or start a retirement account. These options will give you a better chance of reaching your financial goals.