types of policies quiz
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which of the following determines the cash value of a variable life policy?
the performance of the policy portfolio
which of the following type of policies allows the policy owner to skip premium payments, provided that there is enough cash value in the policy to cover premium amount?
universal life
The death protection component of a universal life policy is expressed as what type of coverage?
annually renewable term
Which option for Universal life allows the beneficiary to collect both the death benefit and cash value upon the death of the insured?
option b