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In Whole Life Insurance Contracts, the _____

Question 12

Multiple Choice

In whole life insurance contracts, the _____.


A) rate of the premiums to be paid decreases if the face value increases
B) loan value decreases as the age of the policy increases
C) insurer pays the face value of the policy on the death of the insured
D) loan value developed by the contract enables the insurer to borrow money from the insured

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