paul is the policyowner of a life insurance policy which will increase significantly in face amount (death…

paul is the policyowner of a life insurance policy which will increase significantly in face amount (death benefit) when the insured reaches an age specified in the policy. this policy is referred to as a\na. jumping juvenile policy.\nb. single premium policy.\nc. modified life insurance policy.\nd. limited pay whole life policy.

paul is the policyowner of a life insurance policy which will increase significantly in face amount (death benefit) when the insured reaches an age specified in the policy. this policy is referred to as a\na. jumping juvenile policy.\nb. single premium policy.\nc. modified life insurance policy.\nd. limited pay whole life policy.

Answer

Brief Explanations:

A jumping juvenile policy is a life - insurance policy where the face amount (death benefit) increases significantly when the insured reaches a specified age. A single - premium policy is paid for with one large payment. A modified life insurance policy has adjusted premiums over time. A limited - pay whole life policy has a set number of premium payments.

Answer:

A. Jumping juvenile policy