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19. Which of the following statements about mortality and expense charges for group universal life insurance policies is correct? A. A transaction charge may be
19. Which of the following statements about mortality and expense charges for group universal life insurance policies is correct? A. A transaction charge may be levied for withdrawals in early years. B. Monthly charges are set by ERISA at 4.5 percent of premiums. C. Mortality charges for small groups must be experience rated. D. The mortality charge is guaranteed for life.
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