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Abby Miller purchased a typical five - year increasing term life insurance policy on the life of her husband, Sam. With regard to whether the
Abby Miller purchased a typical fiveyear increasing term life insurance policy on the life of her husband, Sam. With regard to whether the benefit amount and premium amount for her policy will change during the policy's term, it is correct to say that
the policy benefit will increase at stated intervals over the policy term, but the policy premium will remain the same over the policy term
the policy benefit will decrease at stated intervals over the policy term, but the policy premium will remain the same over the policy term
both the policy benefit and the policy premium will decrease at stated intervals over the policy term
both the policy benefit and the policy premium will increase at stated intervals over the policy term
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