Which of the following statements regarding current assumption whole life insurance is NOT correct?

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Which of the following statements regarding current assumption whole life insurance is NOT correct?

A) During a period of relatively high interest rates the premiums could be reduced.

B) During a period of relatively high interest rates the premiums could be increased.

C) Premium adjustments are usually made on an annual basis.

D) It is also known as interest-sensitive whole life.

Answer: During a period of relatively high interest rates the premiums could be increased.

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