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The Premium for Non-Cancelable and Guaranteed Renewable Disability Income Insurance

Question 112

Multiple Choice

The premium for non-cancelable and guaranteed renewable disability income insurance is higher,


A) therefore, younger people should skip these coverages.
B) hence, the insurance companies enjoy better profit margins.
C) therefore, very few older workers should carry these coverages.
D) but the coverages are well worth the extra cost
E) hence, the policy pays benefits for life.

Correct Answer:

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