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A single premium current - assumption life policy generally guarantees all of the following, EXCEPT: no further premiums will be required to keep the coverage
A single premium currentassumption life policy generally guarantees all of the following, EXCEPT:
no further premiums will be required to keep the coverage in force.
the face value of the policy will never decline.
a fixed level of dividends will be paid throughout the term of the policy.
the cash values will never fall below a fixed schedule of minimum values.
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