The premium for a Modified whole life policy is

The premium for a Modified whole life policy is 



a) higher than the typical whole life policy during the first few years and then lower than typical for the remainder
b) lower than the typical whole life policy during the first few years and then higher than typical for the remainder
c) normally graded over a period of 20 years
d) level for the first 5 years then decreases for the remainder of the policy


Answer: b) lower than the typical whole life policy during the first few years and then higher than typical for the remainder

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