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In Business / College | 2025-07-07

Which of the following policies would be classified as a traditional level premium contract?
A. Universal Life
B. Variable Universal Life
C. Straight Life
D. Adjustable Life

Asked by kayls95

Answer (2)

The traditional level premium contract is exemplified by the Straight Life insurance policy, where premiums remain constant throughout its term. Each provided option was evaluated, confirming that only Straight Life fits this classification. Consequently, Straight Life is the correct answer regarding traditional level premium contracts. ;

Answered by GinnyAnswer | 2025-07-08

The traditional level premium contract is represented by the Straight Life insurance policy, which has a fixed premium throughout its duration. Other options like Universal Life, Variable Universal Life, and Adjustable Life do not maintain this level premium structure. Therefore, the correct choice is C. Straight Life.
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Answered by Anonymous | 2025-08-21

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