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If a life insurance policy increases significantly in face amount when the insured reaches a specified age, what type of policy is this?

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Final answer:

If a life insurance policy increases significantly in face amount when the insured reaches a specified age, it is most likely a cash-value (whole) life insurance policy.

Step-by-step explanation:

If a life insurance policy increases significantly in face amount when the insured reaches a specified age, it is most likely a cash-value (whole) life insurance policy. Cash-value life insurance policies provide a death benefit and also accumulate a cash value over time that can be used by the policyholder. One common feature of cash-value life insurance is that the face amount of the policy can increase at specified ages, such as when the insured reaches a certain age.

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