PDFprof.comSearch Engine CopyRight

Which of the following best defines target premium in a universal life policy


The universal life insurance target premium is the amount of premium that is projected to keep the policy in force for the insured's lifetime. There is, however, no explicit guarantee that the universal life insurance policy will remain in force for that period if only target premiums are paid.

What does target premium mean?

The target premium of a contract is the amount of the annual payment charged to cover the pure cost of insurance on the life of an individual. It does not include administrative policy fees or excess premiums paid into a contract.

What is the purpose of establishing the target premium for a universal life policy quizlet?

What is the purpose of establishing the target premium for a universal life policy? The target premium is a recommended amount that should be paid on a policy in order to cover the cost of insurance protection and to keep the policy in force throughout its lifetime.

What are the two premiums in a universal life insurance policy?

Since a universal life insurance policy's premiums are split between the cost of coverage and the cash value, you can choose how much you pay so long as it falls between the minimum and maximum premium amounts.

Which of the following is a characteristic of a universal life insurance policy?

Flexibility is a fundamental characteristic of universal life insurance.

What is a universal life insurance Target Premium?

The universal life insurance target premium is the amount of premium that is projected to keep the policy in force for the insured’s lifetime. If additional premiums are paid, then the policy will be considered a “Modified Endowment Contract” and lose most of the tax advantages. What is the purpose of establishing the target premium?

What is a Target Premium?

The target premium is a recommended amount that should be paid on a policy in order to cover the cost of insurance protection and to keep the policy in force throughout its lifetime. What is commissionable target premium? Commissions are based on a premium value referred to as the Commissionable Target Premium.

What type of premium does a straight life policy have?

119 A Straight Life policy has what type of premium? 1. A decreasing annual premium for the life of the insured 2. A variable annual premium for the life of the insured 3. A level annual premium for the life of the insured 4. An increasing annual premium for the life of the insured 3. A level annual premium for the life of the insured 120


Which of the following best defines target premium in a universal life policy? Options . A. The corridor of insurance. B. The recommended amount to keep the policy in force throughout its lifetime. C. The maximum amount the policyowner may pay on a policy. D. The minimum amount to make sure the policy is annually renewable. Answer: B. The recommended amount to keep the policy in force throughout its lifetime




[PDF] APM Project Fundamentals Qualification Examination paper

APM Project Fundamentals Qualification Examination paper www apm uk/media/4183/fundamentals-sample-paper-1703 pdf Which one of the following best describes a project issue? a A major problem that requires A target for the project to receive zero change requests

[PDF] BCS Level 3 Certificate in Marketing Principles QAN 603/0763/8

BCS Level 3 Certificate in Marketing Principles QAN 603/0763/8 www bcs org/media/1787/digital-marketer-marketing-principles-specimen-paper pdf good for society 5 When creating a digital marketing campaign which of the following is MOST important to identify? A Market competition B Target

[PDF] NIMS Machining Level I Preparation Guide Milling

NIMS Machining Level I Preparation Guide Milling www nims-skills org/sites/default/files/media/document/Milling 20Level 20I pdf Following is a list of the basic knowledge areas assessed by the exam 18) Which of the following best describes the procedure for drilling a hole?

[PDF] Core 2 Self-Assessed Entrance Exam Solution - CPA Canada

Core 2 Self-Assessed Entrance Exam Solution - CPA Canada www cpacanada ca/-/media/site/operational/ec-education-certification/docs/g10488-ec_core-2-saee-solution pdf 9 déc 2021 Furthermore such moves are likely to increase production delays Which of the following best describes a target-pricing approach?



[PDF] Best buys - World Health Organization (WHO)

Best buys - World Health Organization (WHO) apps who int/iris/bitstream/handle/10665/259232/WHO-NMH-NVI-17 9-eng pdf Sustainable Development Goals (SDG) Target 3 4 “Best buys” and other recommended interventions Since the global action plan was endorsed in 2013

[PDF] S No Question A B C D Answer 1 Independent malicious program

S No Question A B C D Answer 1 Independent malicious program ncrb gov in/sites/default/files/Event 201 pdf A device that protects against a sudden increase in electrical power is a(n) 44 Which one fo the following best describes phishing? An email directing

[PDF] questions are compulsory and MUST be attempted Q1 The following

questions are compulsory and MUST be attempted Q1 The following aapc gov sd/downloads/exam/June_2019/F8/F8_June_2019_English pdf 6) Which of the following statements best defines the external audit? The directors need to meet a target profit before interest and taxation of SDG1 5

[PDF] Business Studies - NSW Education Standards Authority

Business Studies - NSW Education Standards Authority educationstandards nsw edu au/wps/wcm/connect/8a7695ea-a0e1-4052-a35a-1706a891a80b/business-studies-hsc-exam-2010 MOD=AJPERES&CACHEID=ROOTWORKSPACE-8a7695ea-a0e1-4052-a35a-1706a891a80b-lHm6FJa Which of the following best describes the arrangement between the fashion designers? (A) Global web (B) The cost of insuring the product will increase



    Which of the following best describe the purpose of financial services regulation

    Which of the following best describes a political party's ideology

    Which of the following best describes a principle of indemnity under insurance