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To meet benefit nondiscrimination rules, a plan must provide all participants with benefits at least as great as those provided to key employees

Indexed Universal Life is a hybrid of regular Universal Life and Variable Universal Life.

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.