Which of these life products is not considered interest-sensitive
Premiums paid by an employer for an employee's coverage are deductible by the employer as a business expense. Which of these life products is NOT considered interest-sensitive? All of these have an interest sensitive investment aspect EXCEPT Modified Whole Life.
What life product is not interest sensitive?
A whole life insurance policy's cash value is not very interest sensitive.
What is interest sensitive life insurance?
Interest-sensitive life insurance is any type of life insurance that earns cash value based on a changing interest crediting rate. Some whole life policies may be interest-sensitive and all UL policies are interest-sensitive.
Is universal life insurance interest sensitive?
Universal Life The universal life policy is actually more than interest sensitive as it is designed to reflect the insurer's current mortality and expense as well as interest earnings rather than historic rates.
Which of the following permanent life insurance policies is interest sensitive?
Which of the following permanent life insurance policies is interest-sensitive? Universal life insurance is an interest-sensitive permanent life insurance policy.
What is insurable interest in life insurance?
Insurable interest must exist at the time of application for it to be valid. In a Limited-Pay Life policy, premium payments are limited to a specified number of years. The cash value and death benefits of a Variable Life policy can fluctuate according to the performance of its underlying investment portfolio.
Which type of life policy offers the quickest accumulation of cash value?
In this situation, a 20-pay Life policy offers the quickest accumulation of cash value. Whole life provides the insured with a cash value as well as a level face amount. Which statement is true concerning a Variable Universal Life policy?
Which characteristics are consistent with a straight life policy?
Which of these characteristics is consistent with a Straight Life policy? Owner can adjust both premium and death benefit Premiums are lower for the first five years, increase the sixth year, then levels off for the remaining length of the contract Owner has the option of converting to term insurance
Which of these life products is NOT considered interest-sensitive? Options: Modified Whole Life Variable Universal Life Interest Sensitive Whole Life Variable Life The Correct Answer Is: Modified Whole Life Conclusion I hope you got the answer to your question. Share this: Twitter Facebook Reddit Pinterest WhatsApp LinkedIn More
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