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New York Life Insurance Agent Broker Examination Series 17 to 51 Version 4 Questions
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New York Life Insurance Agent Broker Examination Series 17 to 51 Version 4
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Question 1 of 5
Under a Universal Life Insurance policy, a corridor represents the
A.
gap between the total death benefit and the policy's cash value.
B.
time allotted to the insured to convert a group policy to an individual policy.
C.
stipulated time period that a policy may be reinstated after it has lapsed.
D.
percentage of benefits paid to each of the policy's beneficiaries.
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