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You have decided that you need some life insurance protection. You prefer permanent protection but,...

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Finance

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You have decided that you need some life insurance protection. You prefer permanent protection but, at your current income level, you find the premiums for permanent policies to be too high. You could wait until your income is higher to buy the coverage you want, but you need coverage now and are also afraid that if you wait you may develop health issues that would make you uninsurable. In this situation, the best option for you is to buy which of the following types of coverage? O straight term insurance O convertible term insurance O revertible (reentry) term insurance O renewable term insurance

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