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Author Question: Which of the following statements about variable life insurance is true? A) Premium payments are ... (Read 31 times)

Themember4

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on: Jul 11, 2018
Which of the following statements about variable life insurance is true?
 
  A) Premium payments are flexible.
  B) The death benefit cannot be higher or lower than a guaranteed, specified, value.
  C) The policyowner has the option of investing the cash value in several investment accounts.
  D) The cash surrender value of the policy is guaranteed.

Question 2

All of the following statements about universal life insurance are true EXCEPT
 
  A) Interest is credited to the policy's cash value each month.
  B) Any withdrawal of a policy's cash value reduces the amount of the death benefit.
  C) Interest credited to a policy's cash value is taxable for the policyowner in the year credited.
  D) The policyowner can add to a policy's cash value at any time subject to policy guidelines.


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blakcmamba

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: C


Themember4

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

mcabuhat

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Reply 3 on: Yesterday
Gracias!

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