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True or False for each of them. Under the terms of a life insurance contract, life income is the riskiest settlement option. Under a variable
True or False for each of them.
Under the terms of a life insurance contract, life income is the riskiest settlement option. Under a variable life policy, the policyholder can add to a policy's cash value at any time subject to policy limits. Although the risk of death increases with age, evidence of insurability is not a requirement in renewing a term life insurance policyStep by Step Solution
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