Jonna purchased a $25,000 cash value policy with a guaranteed insurability option that can be exercised a maximum of four times at $25,000,each over the next 12 years.Which of the following statements is false?
A) Jonna will be able to accumulate a total $125,000 in insurance over the next 12 years.
B) Jonna will pay an extra premium amount for the guaranteed insurability option.
C) The total premium for her coverage will increase each time she exercises a purchase option.
D) Jonna will have to prove she is still insurable each time she exercises a purchase option.
Correct Answer:
Verified
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