All of the Following Statements About Current Assumption Whole Life

question 2

Multiple Choice

All of the following statements about current assumption whole life insurance are true EXCEPT

• A)It is a form of participating whole life insurance that pays annual dividends.
• B)An accumulation account is credited with an interest rate based on present market conditions and company experience.
• C)Under the low-premium version,the premium is subject to change after an initial guaranteed period.
• D)Under the high-premium version,the premium may vanish after a period of time.

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