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________ means a premium which remains unchanged through out the life of a policy.

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Question: ________ means a premium which remains unchanged through out the life of a policy.

Options:

  1.  Avg. premium
  2.  Gross premium
  3.  Total premium
  4.  Level premium

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4. Level premium

Level premium means a premium which remains unchanged through out the life of a policy.

More information:

Level-premium insurance is a life insurance policy in which premium rate stay the same price throughout entire policy.

The amount of coverage offered increases.

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