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Life Insurance Quizlet. Whole life insurance with a level premium, guaranteed death benefit, guaranteed minimum cash value, and accumulations in cash value that fluctuate with market rates of interest. Some life insurance policies, such as whole life or universal life, build equity as you pay premiums.
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Even all at one go, if you prefer a lump sum. Whole life insurance with a level premium, guaranteed death benefit, guaranteed minimum cash value, and accumulations in cash value that fluctuate with market rates of interest. You just studied 50 terms!
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What is the primary purpose of life insurance quizlet? More “cisco chapter 4 test answers quizlet” links ssd1 module 4 slide answers the beneficiary on a life insurance policy and make the change permanent. Premiums remain level for the life of the insured, the face amount of whole life insurance is level (in most cases). Financial security for dependents in the event of death.