A whole life insurance policy in which premiums are reduced for an initial period (e.g. 3 years) and are higher thereafter is an example of a

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A whole life insurance policy in which premiums are reduced for an initial period (e.g. 3 years) and are higher thereafter is an example of a

A) level-term policy.

B) modified life policy.

C) limited-payment whole life policy.

D) variable life policy.

Answer: B) modified life policy.

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