Which of the following statements about the change of plan provision in a life insurance contract is (are) true?

Insurance

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Which of the following statements about the change of plan provision in a life insurance contract is (are) true?

A change to a lower premium policy results in a refund of the difference in the cash values of the two policies.

A change to a higher premium policy requires evidence of insurability.

A) I only

B) II only

C) both I and II

D) neither I nor II

Answer: A) I only

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