Which of the following best defines target premium in a universal life policy? 1. The minimum amount to make sure the policy is annually renewable 2. The corridor of insurance 3. The recommended amount to keep the policy in force throughout its lifetime 4. The maximum amount the policyowner may pay on a policy

Which of the following best defines target premium in a universal life policy?
1. The minimum amount to make sure the policy is annually renewable
2. The corridor of insurance
3. The recommended amount to keep the policy in force throughout its lifetime
4. The maximum amount the policyowner may pay on a policy

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