The premium for a Modified whole life policy is

• A. Higher than typical throughout
• B. The same as typical whole life
• C. Not payable in first years
• D. Lower than the typical whole life policy during the first few years and then higher than typical for the remainder

Answer: (D)

Modified Whole Life premiums are designed to be more affordable at the start and then rise later. The pattern is a lower-than-typical premium during the initial years, followed by a premium that is higher-than-typical for the remainder of the policy. This explains why the correct description matches: you pay less early on, and after the initial period the cost increases beyond the standard whole life level.

This differs from paying a higher premium throughout (which would describe a more expensive policy set from the start), paying the same as typical whole life (which would be a standard level premium), or skipping payments in the early years (premiums are reduced, not eliminated).