Participating whole life policy

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Raymond James purchased a non-participating whole life policy with a face amount of $300,000 and selected a 20-pay option. He is 35 years of age and he will have a paid-up policy at age 55. Which of the following are features offered by the guaranteed non-participating whole life policy? 

1. Automatic premium loan

2. Cash Surrender Value (CSV)

3. Reduced Paid-Up insurance and Extended Term insurance

4. Policy loans

5. Dividends

6. Flexibility to change or add new life insureds

Reference no: EM133071480

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