« previous next »

Author Question: A whole life insurance policy in which premiums are reduced for an initial period (e.g. 3 years) and ... (Read 45 times)

809779

  • Hero Member
  • *****
  • Posts: 579
on: Jul 11, 2018
A whole life insurance policy in which premiums are reduced for an initial period (e.g. 3 years) and are higher thereafter is an example of a
 
  A) level-term policy.
  B) modified life policy.
  C) limited-payment whole life policy.
  D) variable life policy.

Question 2

Which of the following statements about a variable universal life insurance policy is (are) true?
 
  I. There is a minimum guaranteed interest rate for the cash value.
  II. The policyowner has a variety of investment options for the savings component of the policy.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Nursing Student life Nursing Student life
Socrates thrived on the intellectual life of the agora (the marketplace), where he could be sure to ... Socrates thrived on the intellectual life of the agora (the marketplace), where he could be sure to ...
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
Embryonic Period Embryonic Period
Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ... Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ...
Video: Darwin's Observation (Fossils, Galapagos Islands & Africa ) and Natural Selection (Adaptive Traits)

For a complete list of videos, visit our video library