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You have just purchased a yearly renewable decreasing term insurance policy with a face value of $250,000. Which of the following statements about this policy
You have just purchased a yearly renewable decreasing term insurance policy with a face value of $250,000. Which of the following statements about this policy is (are) true? (Check all that apply.) You may continue to renew the policy every year for as long as you live. 0 You may renew the policy each year only if you can prove that you are still sufficiently healthy to meet the insurer's underwriting standards. The annual premium increases each year upon renewal of the policy since you are getting older. The $250,000 face value decreases each year upon renewal
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