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An insured purchases a participating insurance policy and adds a waiver of premium rider. Five years later the insured becomes disabled, and the policy premiums

An insured purchases a participating insurance policy and adds a waiver of premium rider. Five years later the insured becomes disabled, and the policy premiums are waived. In this situation, which of the following statements is correct?

The policy's cash value will not increase.

The insurance company will continue to pay dividends.

The insured may not take out a policy loan during this period.

Assignment of the policy is prohibited during the waiver of premium stage.

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