Chapter 2 life insurance

which of the following features of the indexed whole life policy is not fixed

cash value growth

what is another name for interest sensitive whole life Insurance

current assumption whole life insurance

Which policy component decreases in decreasing term insurance?

face amount

which of the following is not a type of whole life Insurance

level term

Under a pure life annuity, an income is payable by the company

only for the life of the annuitant

which universal life option has a gradually increasing cash value and a level death benefit

option a

all of the following statements about equity index annuities are correct except

the annuitant receives a fixed amount of return

all of the following are true regarding a decreasing term policy except

the payable premium amount declines throughout the duration of the contract

which of the following best describes what the annuity period is

the period of time which accumulated money is converted into income payments

what is the purpose of establishing the target premium for a universal life policy

to keep the policy in force