What is the face amount of a $50,000 graded death benefit life insurance policy when the policy is issued?

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What is the face amount of a $50,000 graded death benefit life insurance policy when the policy is issued?

$0

$50,000

Under $50,000 initially, but decreases annually over time

Under $50,000 initially, but increases annually until fully insured

Answer: Under $50,000 initially, but increases annually until fully insured

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