Author: Anonymous

Most AL policies bundle the policy elements (such as mortality and expense charges and interest credits) rather than stating them explicitly.

The interest rate on policy loans is:

The policy cash value for limited-pay whole life policies initially grows more quickly than for policies with longer payment periods.

Settlement options offered frequently include the following:

In a split-dollar arrangement, the economic benefit of a single life policy generally is measured by:

If a policy is treated as a MEC,amounts received as loans are subject to income tax to the extent of gain in the policy.

Which item is NOT a key factor to be weighed in choosing the best variable universal life policy?

Family needs analysis offers a more precise method than a “rule of thumb” method.

Which of the following is a disadvantage of a current-assumption whole life policy?

Policies that fail the thirteen-pay test will be treated as modified endowment contracts (MECs).