Which statement is FALSE about a variable life policy
Which of the following is not true about variable life insurance policies?
Which of the following is not a characteristic of a variable universal policy? The variable universal life policy DOES have cash value that varies with the performance of the investment. The correct answer is: It has no cash value.
What is true about a variable life insurance policy?
Which statement is TRUE regarding a Variable Whole Life policy? A minimum guaranteed Death benefit is provided.
Which statement is true regarding Variable Whole Life policy?
Variable universal life is a type of permanent life insurance policy. With features that include cash value, investment variety, flexible premiums and a flexible death benefit.
Is the withdrawal value of the variable life insurance policy guaranteed?
The withdrawal value is not guaranteed II. The volatility of the returns depends on the investment strategy of the fund III. The variable life policyholder has direct control over the investment decisions of the variable life fund a Single premium variable life insurance policy: a. Must be issued with a minimum death benefit b.
What is the difference between endowment policy and variable life policy?
The premiums and benefits of the endowment policies are described at the inception of the policy whereas variable life are flexible as the are account driven III. The benefits and risks of variable life and endowment policies directly accrue to the policyholders
What is switching in variable life policy?
Switching is a facility allowing the policyholders to switch to another variable life funds offered by the company II & III Which of the following statements about variable life policies is TRUE? I. Offer price is used to determine the number of units to be credited to the account II.
Which of the following statements about variable life policies are TRUE? I. The withdrawal value is not guaranteed. II. The volatility of returns depends on the investment strategy of the fund. III. The variable life policyholder has a direct control over the investment decisions of thevariable life fund. A. I, II & III C. I & III onlyB.
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- which statement is false about a variable life policy quizlet
- which of the following is not true about a variable universal life insurance policy
- which of the following is not true regarding a variable universal life policy
- which of the following is not true regarding a variable universal life policy quizlet
- what are variable life insurance policies