All of the following statements about current assumption whole life insurance are true EXCEPT

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All of the following statements about current assumption whole life insurance are true EXCEPT

A) It is a form of participating whole life insurance that pays annual dividends.

B) An accumulation account is credited with an interest rate based on present market conditions and company experience.

C) Under the low-premium version, the premium is subject to change after an initial guaranteed period.

D) Under the high-premium version, the premium may be discontinued after a period of time.

Answer: A) It is a form of participating whole life insurance that pays annual dividends.

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