Jestion 1 (10 points) The excess interest provision in life insurance means that the cash...
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Jestion 1 (10 points) The excess interest provision in life insurance means that the cash value will increase: faster than the guaranteed rate if the insurer actually earns a greater return the guaranteed rate faster than the guaranteed rate even if the insurer does not earns a greater return than the guaranteed rate faster than it would with a universal or variable life policy slower than the guaranteed rate Question 2 (10 points) In a limited payment policy, only a portion of the face amount is paid if death occur a L
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