Management Notes

Reference Notes for Management

Under a Graded Premium Whole Life policy,

Under a Graded Premium Whole Life policy,

Under a Graded Premium Whole Life policy,

 Options:

  1. The Premium Increases Each Year During The Early Years Of The Contract And Remains The Same After That Time
  2. The Premium Decreases Each Year During The Early Years Of The Contract And Remains The Same After That Time
  3. The Premium Can Be Adjusted By The Policyowner At Anytime
  4. The Premium Always Remains The Same While The Death Benefit Increases During The Early Years

The Correct Answer Is:

a. The Premium Increases Each Year During The Early Years Of The Contract And Remains The Same After That Time

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