quiz 2

A return of premium term life policy is written as what type of term coverage

Increasing

What does level refer to in level term insurance

Face amount

which of the following is not true regarding the annuitant

The annuitant cannot be the same person as the annuity owner

All of the following statements about index annuities are correct except

The annuitant receives a fixed amount of the two

The policy owner of a universal life policy may skipping the preview in the policy will not lapse as long as

The policy contains a sufficient cash value to cover the cost of insurance

A lucky individual won the state lottery so the state will be sending him a check each month for the next 25 years what type of annuity products are they likely to use to provide these benefits

Immediate annuity

What kind of policy allows withdrawals or a partial surrenders

Universal life

In a survivorship life policy when does the insurer pay the death benefit

Upon the last death

Annually renewable term policies provide a level death benefit for premium that

Increase annually

an insured purchased a life insurance policy the agent told him that depending upon the companies investments and expense factors the cash values could change from those shown in the policy at issue time the policy is an

Interest sensitive whole life

why is an equity indexed annuity considered to be a fixed annuity

It has a guaranteed minimum interest rate