part of exam
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life insurance can provide which of the following? a. protection against outliving ones assets b. creation of future liability c. liquidation of ones estate d. Survivor protect
Survivor protection
how are policy loans calculated?
The policy's cash value minus unpaid loans and accrued interest
Insurers CANNOT transact insurance in this state without a
certificate of authority
what type of an interest rate is guaranteed in universal life policies?
contract interest rate
which of the following is true regarding pure life annuity settlement option?
it provides the highest monthly benefit
