Question: . Gene, age 2 0 , purchased a $ 5 0 , 0 0 0 life insurance policy. The premium at issue is lower than

. Gene, age 20, purchased a $50,000 life insurance policy. The premium at issue is lower than normal whole life rates, and it increases each year for the first 5 years of the policy period. After that, the premium levels off. What type of policy does Gene own?

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