Question

How does the insurance cover in MRI differ from a standard term insurance policy?

a.

MRI has a higher coverage amount

b.

MRI has a lower premium

c.

MRI provides increasing coverage each year

d.

MRI offers decreasing coverage each year

Posted under IC38 Life Insurance Agent Exam

Answer: (d).MRI offers decreasing coverage each year Explanation:Unlike a standard term insurance policy, MRI offers decreasing coverage each year.

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Q. How does the insurance cover in MRI differ from a standard term insurance policy?
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