Leland elects to surrender his whole life policy for a reduced paid-up policy. The cash value of his new policy will:

A) continue to increase.

B) decrease gradually.

C) remain the same as in the old policy.

D) decrease by 50% immediately.

Answer: A) continue to increase.

Insurance

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In an insurance contract, the applicant's "consideration" is the
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
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