Question 21An insurable risk requiresthat the chance of loss be measurable Show
Exam Simulator - 1Select the appropriate responseWhat type of risk involves the potential for loss with no possibility for gain? Question 23Which of these statements accurately portrays an adjustable life insurance policy? Question 24Select the appropriate responseAccording to the law of large numbers, how would losses be affected if the number of similarinsured units increases? Question 25The potential for loss" is also known as arisk Question 26Select the appropriate responseAll of these statements concerning group credit life insurance are false EXCEPT Question 27Which one of these is NOT considered to be an element of an insurable risk?5 Question 28Which statement concerning adjustable life insurance is accurate? Question 29Select the appropriate responseAll of these statements concerning universal life insurance are false EXCEPT Question 30What is a juvenile life insurance policy? focusNode Didn't know it? Knew it? Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page. Exam Prep
Popular Standardized Tests sets What is true about universal life insurance?Universal life insurance is a type of permanent life insurance. With a universal life policy, the insured person is covered for the duration of their life as long as they pay premiums and fulfill any other requirements of their policy to maintain coverage.
Which of the following statements about variable universal life is true?52) Which of the following statements about variable universal life insurance is (are) true? I Variable universal life insurance guarantees a minimum interest rate or case value.
Which one of the following statements most correctly describes a universal life insurance feature that is not available with traditional whole life insurance?Which one of the following statements most correctly describes a universal life insurance feature that is NOT available with traditional whole life insurance? The policyowner cannot withdraw money from the policy's cash value.
What are the disadvantages of universal life insurance?Cons of Universal Life Insurance. High Premiums. You can choose how much to pay based on your current financial situation, but the actual cost of insurance will continue to increase as you age. ... . Must Monitor Policy's Cash Value. ... . Potential Negative Returns. ... . Conservative Interest Rates. ... . Detailed Stipulations.. |