Gwen purchased an interesting life insurance policy. A minimum interest rate is guaranteed on the cash value, but additional interest may be credited based on the investment performance of a group of common stocks.
There is also a cap on the additional interest credited to the policy. Based on this information, what type of life insurance did Gwen purchase?
A) variable life insurance
B) indexed universal life insurance
C) current assumption whole life insurance
D) variable universal life insurance
Question 2
A common use of second-to-die life insurance is
A) insuring children.
B) insuring double income with kids families.
C) estate planning.
D) insuring key employees of a business.
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