CISR Life & Health Practice Questions - CISR Life & Health Essentials Exam

A level term policy is best characterized by which of the following?

The face amount decreases each year while the premium stays level The premium and face amount both remain constant for the term The premium increases each year while the face amount stays level The face amount increases with inflation while the premium stays level

Correct Answer:

The premium and face amount both remain constant for the term

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