Which of the following best describes annually renewable term insurance? 1. It requires proof of insurability at each renewal. 2. Neither the premium nor the death benefit is affected by the insured’s age. 3. It provides an annually increasing death benefit. 4. It is level term insurance.

Which of the following best describes annually renewable term insurance?1. It requires proof of insurability at each renewal.2. Neither the premium nor the death benefit is affected by the insured’s age.3. It provides an annually increasing death benefit.4. It is level term insurance.
 
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