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 $1,000 face

Under the level premium plan, a $1,000 policy does not provide

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 $1,000 face amount plus the reserve A $1,000 face amount plus the cash value The cash value plus the reserve A combination of decreasing insurance and an increasing cash value

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