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