Permanent Life Insurance

Lakukan tugas rumah & ujian kamu dengan baik sekarang menggunakan Quizwiz!

A Universal Life insurance policy has two types of interest rates that are called A. Guaranteed and current B. Option A and Option B C. Fixed and Variable D. Minimum and Target

A. Guaranteed and current

Which of the following determines the cash value of a variable life policy? A. The performance of the policy portfolio B. The company's general account C. The policy's guarantees D. The premium mode

A. The performance of the policy portfolio

Under a 20-pay whole life policy, in order for the policy to pay the death benefit to a beneficiary, the premiums must be paid A. Until the policyowner's age 100, when the policy matures B. For 20 years or until death, whichever occurs first C. Until the policyowner reaches age 65 D. For at least 20 years

B. For 20 years or until death, whichever occurs first

An insured has a life insurance policy that requires him to only pay premiums for a specified number of years until the policy is paid up. What kind of policy is it? A. Graded Premium Life B. Limited-pay Life C. Variable Life D. Adjustable Life

B. Limited-pay Life

Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at age 65. What would be the right policy for this client? A. Life annuity with period certain B. Increasing term C. Limited pay whole life D. Interest-sensitive whole life

C. Limited pay whole life

Which of the following types of policies will provide permanent protection? A. Term life B. Group life C. Whole life D. Credit life

C. Whole life

Which of the following types of insurance policies would provide the greatest amount of protection for a temporary period during which an insured will have limited financial resources? A. Whole life B. Annuity C. Variable life D. Term

D. Term

An adjustable Life policy can change which of the following policy features? A. The mortality expense B. The investment account C. The insured D. The coverage period

D. The coverage period

An insured receives a monthly summary for his life insurance policy. He notices that the cash value of the policy is significantly lower this month than it was last month. What type of policy does the insured have? A. Term B. Securities C. Stock D. Variable

D. Variable

Which of the following terms best describe the coverage provided by term policies, as compared to any other form of protection? A. Greatest B. Least C. Most Comprehensive D. Longest

A. Greatest


Set pelajaran terkait

OA/ arthroplasty practice questions

View Set

Labor & Birth Process Ch. 13 NCLEX questions

View Set

C165 - Unit 3 Chemistry - Lessons 7-19: Quiz

View Set

Spanish 102: Estructura 5.2 The present progressive

View Set

AP World History Penultimate Unit Test (1424 Terms of Mostly Useless Information)

View Set

A Portrait of the Artist as a Young Man

View Set

Intermediate Accounting Chapter 19 Accounting For Income Taxes

View Set