MN Life License Study Guide Already Graded A+
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MN Life License Study Guide Already Graded A+ Policy Types Which type of policy does the owner pay the same premium throughout the term of the contract? Options: a. Level premium policy; b. Increasing premium policy; c. Decreasing premium policy; d. Term life insurance Answer: a. Level premium policy; Beneficiaries What type of beneficiary cannot be changed without consent? Options: a. Irrevocable beneficiary; b. Revocable beneficiary; c. Primary beneficiary; d. Contingent benefi...