Which of the following statements BEST describes a single premium cash value policy?
Which of the following statements BEST describes a single premium cash value policy?
A . It requires only one payment to make the policy paid up.
B . It provides for only one premium to be paid without evidence of insurability.
C . It waives one future premium if the owner becomes disabled.
D . It requires the policyowner to pay one premium annually.
Answer: A
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