An insured arranges for his premium payment to cease at the age of 70. This is a whole life policy with

  • A indeterminate premium payment
  • B limited premium payment
  • C single premium payment
  • D modified premium payment

The correct answer is B. limited premium payment

limited premium payment plan is a plan where you paythe premium for a shorter span of time and enjoy the benefits of an insurance cover for a long time.

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