Which of the Following Statements About Life Insurance Cash Values

question 58

Multiple Choice

Which of the following statements about life insurance cash values is (are) true?
I.Cash values are a result of the level premium method of purchasing life insurance.
II.The cash value of a policy must always exceed the policy's legal reserve.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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