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What type of life insurance policy does john likely have

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Reference no: EM132961069

Problem 1: John Kim has a life insurance policy where he makes payments of $400 per year until he reaches the age of 65. His policy is then "paid up" for life. His beneficiaries will receive the face value upon his death. What type of life insurance policy does John likely have?

A. Ordinary Life
B. Limited payment
C. Variable life
D. Adjustable life
E. Universal life

Reference no: EM132961069

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