Which of the following statements pertaining to limited-pay life policies is CORRECT?
A) Insurance protection exists only during the time premiums are actually paid.
B) The total premium cost for a single premium life policy is more than the total premium cost for a policy with premiums spread over a period of years.
C) A limited-pay life policyowner pays premiums of variable amounts during the life of the policy.
D) Both limited-pay life and whole life policies endow at age 100."
Ans: D) Both limited-pay life and whole life policies endow at age 100."
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