« previous next »

Author Question: Which of the following statements about universal life insurance is (are) true? I. The current ... (Read 47 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jul 11, 2018
Which of the following statements about universal life insurance is (are) true?
 
  I. The current interest rate credited to the cash value at the time the policy is issued remains fixed for the life of the policy.
  II. A monthly deduction is made from the policy's cash value for the cost of insurance protection.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

All of the following statements about ordinary life insurance are true EXCEPT
 
  A) Premiums are level throughout the policy period.
  B) The face amount of the policy is paid if the insured lives to age 65.
  C) There is a build-up of cash value that can be borrowed by the policyholder.
  D) It offers the policyholder the flexibility to meet a wide variety of financial objectives.


jessofishing

  • Sr. Member
  • ****
  • Posts: 329
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

erika

  • Hero Member
  • *****
  • Posts: 522
Reply #2 on: Jul 11, 2018
Thank you :)


jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jul 11, 2018
Happy to help you


« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

The deep-sea vent hypothesis for the origin of life The deep-sea vent hypothesis for the origin of life
The life cycle of HIV The life cycle of HIV
life life
The second half of life brings a change from outward to inward concerns and from physical to ... The second half of life brings a change from outward to inward concerns and from physical to ...
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
Gulf Stream/North Atlantic Current Gulf Stream/North Atlantic Current
Video: Introduction to Herpes

For a complete list of videos, visit our video library