How is the cost of a policy affected when a policyowner pays premiums more frequently?

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How is the cost of a policy affected when a policyowner pays premiums more frequently?

Not affected
Increases
Decreases
Depends on the type of coverage

Answer: Increases

Life Insurance Premiums Proceeds and Beneficiaries

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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