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Which of the following statements is true regarding the conversion of a 5 - year term policy after it has been in force for 5
Which of the following statements is true regarding the conversion of a year term policy after it has been in force for years?
I. The premium will be lower if an originalage conversion is used.
II The policyowner will have to make a lumpsum adjustment payment if an attainedage conversion is used.
I only
II only
both I and II
neither I nor II
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