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All the following are characteristics of the yearly renewable term (YRT) plan of life insurance, EXCEPT: The YRT plan is widely used in group life

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All the following are characteristics of the yearly renewable term (YRT) plan of life insurance, EXCEPT: The YRT plan is widely used in group life insurance. The coverage under the YRT plan typically may be renewed without having to show evidence of insurability. The annual premium under the YRT plan rises every year. The premium under the YRT plan rises at a decreasing rate

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