14. Which of the following is characteristic of premiums payable for a modified premium whole life...

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14. Which of the following is characteristic of premiums payable for a modified premium whole life insurance policy? a. a lower initial premium that remains level for the first ten years b. a lower initial premium that remains level for an initial period, usually the first five years, and then increases Oc. a higher initial premium that remains level for the first year d. a higher initial premium that remains level for the first five years 14. Which of the following is characteristic of premiums payable for a modified premium whole life insurance policy? a. a lower initial premium that remains level for the first ten years b. a lower initial premium that remains level for an initial period, usually the first five years, and then increases Oc. a higher initial premium that remains level for the first year d. a higher initial premium that remains level for the first five years 14. Which of the following is characteristic of premiums payable for a modified premium whole life insurance policy? a. a lower initial premium that remains level for the first ten years b. a lower initial premium that remains level for an initial period, usually the first five years, and then increases Oc. a higher initial premium that remains level for the first year d. a higher initial premium that remains level for the first five years

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