All of the following about continuous premium whole life and limited payment whole life insurance policies are true EXCEPT

Both continuous premium and limited payment whole life insurance are indeed forms of whole life insurance. They share the fundamental characteristics of providing lifelong coverage and a cash value component, distinguishing them from term life insurance policies.

Both types of policies provide death protection for the entire lifetime of the insured, as long as premiums are paid (in the case of continuous premiums) or until the end of the payment period for limited payment policies. This ensures that beneficiaries will receive a death benefit regardless of when the insured passes away.

Both continuous premium and limited payment whole life insurance policies can be structured as participating, where policyholders can receive dividends, or as non-participating, where they do not receive dividends. This flexibility in policy design is a characteristic of whole life insurance.