Looking for the answer to the question below related to Management ?
All of these statements about Equity Indexed Life Insurance are correct, EXCEPT:
Options:
| a) Cash value has a minimum rate of accumulation b) If the gain on the index goes beyond the policy’s minimum rate of return, the cash value will mirror that of the index c) The premiums can be lowered or raised, based on investment performance d) Tied to an equity index such as the S&P 500 |
The Correct Answer Is:
- c) The premiums can be lowered or raised, based on investment performance