Question: Under the level premium plan, a $1,000 policy does not provide $1,000 of insurance. Rather, the policy provides which of the following? a) A $1,000

Under the level premium plan, a $1,000 policy does not provide $1,000 of insurance. Rather, the policy provides which of the following?

a) A $1,000 face amount plus the cash value

b) The cash value plus the reserve

c) A combination of decreasing insurance and an increasing cash value

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