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Marge plans to purchase a $100,000 term life policy. The policy structure with the least expensive first year premium under the following term life options
Marge plans to purchase a $100,000 term life policy. The policy structure with the least expensive first year premium
under the following term life options would be:
Select one:
a. Decreasing 30 year term
b. 20 year level term
c. Annual renewable term
d. 5 year level term
Please explain why you chose the answer or provide a source. Thank you.
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