Which statement is TRUE regarding a Variable Whole Life policy? Archives - Management Notes

Which statement is TRUE regarding a Variable Whole Life policy?

May 12, 2024September 26, 2022 by Smirti Bam

Which statement is TRUE regarding a Variable Whole Life policy?

Which statement is TRUE regarding a Variable Whole Life policy?

Options:

A minimum guaranteed Death benefit is provided
It is a combination of an Endowment and a Increasing Term policy
Its premiums and benefits are variable
It has guaranteed dividends

The Correct Answer Is:

a. A minimum guaranteed Death benefit is provided