Which of the following statements regarding current assumption whole life insurance is NOT correct?
A) During a period of relatively high interest rates the premiums could be reduced.
B) During a period of relatively high interest rates the premiums could be increased.
C) Premium adjustments are usually made on an annual basis.
D) It is also known as interest-sensitive whole life."
Answer: B) During a period of relatively high interest rates the premiums could be increased.
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