Which of the Following Is Characteristic of Level-Term Insurance

question 52

Multiple Choice

Which of the following is characteristic of level-term insurance?

• A) Premium and protection level remained unchanged
• B) Renewal until the age of 65
• C) It requires a larger premium in its earlier years than the premium of an ordinary term policy
• D) It has a cash accumulation value
• E) None of the above

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A tax imposed on the net income (profit) of corporations, calculated at varying rates depending on the jurisdiction.

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