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cmiller2

A term policy's cost increases at the end of each term. If you own a term policy and you want to increase your coverage, your health will have to be ...

jepessoa

Answer:

The main characteristics of permanent insurance policies are:

  • provides life-long protection since it will remain in force for as long as premiums are paid
  • build cash value on a tax-deferred basis
  • they are priced considering that the policy holders will keep them over long periods of time