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John Snow is applying for a renewable - and - convertible ( R&C ) 2 0 - year term insurance with a face amount of
John Snow is applying for a renewableandconvertible R&Cyear term insurance with a face amount of $ He has a family history of hypertension and related heart problems. Which of the following statements is false about the policy he is in the process of purchasing?Select one:aThe insurer will increase his premium every year, based on the probability of death in that year. bThe premium is level for years. If he renews the policy, the premium will increaseC.The insurer might issue him a rated policy.dThe cost of insurance or mortality cost increases every year, as this is the death benefit multiplied by the probability of death in that year.
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