Management Notes

Reference Notes for Management

Which is true concerning a Variable Universal Life policy?

Which is true concerning a Variable Universal Life policy?

Which is true concerning a Variable Universal Life policy?

 Options:

  1. Policyowner controls where the investment will go and selects the amount of the premium payment
  2. Policyowner has no say where the investment will go but can choose the premium mode
  3. The investment vehicle for this type of policy is held in the insurer’s general portfolio
  4. The death benefit can vary but the policyowner has no say in the premium amount paid

The Correct Answer Is:

a. Policyowner controls where the investment will go and selects the amount of the premium payment

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