Life Insurance Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Course
Life Insurance
Institution
Life Insurance
How does a continuous premium whole life policy differ from a limited pay whole life
policy?
A. The time period in which premiums will be paid
B. The availability of cash value loans
C. The availability of nonforfeiture options
D. The settlement options
-:- A. The time period in which premi...
Life Insurance Questions & 100% Correct
Answers- Latest Test | Graded A+ | Passed
How does a continuous premium whole life policy differ from a limited pay whole life
policy?
A. The time period in which premiums will be paid
B. The availability of cash value loans
C. The availability of nonforfeiture options
D. The settlement options
✓ -:- A. The time period in which premiums will be paid
What type of premiums are associated with individual mortgage protection life insurance
Which statement regarding universal life insurance is correct?
A. Cash value accumulations have a guaranteed minimum interest rate
B. Policyowner can change the face amount but not the premium
C. Policyowner can change the premium but not the face amount
D. Partial withdrawals cannot be made from the policy's cash value
✓ -:- A. Cash value accumulations have a guaranteed minimum interest rate
Which statement regarding whole life insurance is accurate?
A. Cash value loans are not permitted
B. Insurance coverage can continue for life
C. Policy normally matures at retirement
D. No cash value accumulations
✓ -:- B. Insurance coverage can continue for life
All of these are considered features of whole life insurance EXCEPT
4|Page | Grade A+| 2024/2025
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