Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Many Universal Life Policies will permit a partial surrender of cash value. The surrender amount would A. increase the face amount. B. not need to be repaid. C. increase the cash value. D. have to be repaid. Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following represents a reduced paid-up nonforfeiture option? A. Further premiums must be paid on the reduced policy. B. The new face amount is the same as the original policy. C. A full share of expense loading must be included in the premium on the reduced coverage. D. The policy will have a decreased face amount. Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which rider allows the policyowner to increase the face amount to adjust for inflation? A. Payor benefit. B. Cost of living. C. Guaranteed insurability. D. Return of premium. Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following methods could eliminate the risk of having a sky diving accident? A. risk avoidance B. risk aversion C. risk prevention D. risk reduction Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link An annuity where the policyowner chooses a pre-determined number of benefit payments is referred to as A. Refund Life. B. Period Certain. C. Amount Certain. D. Straight Life. Submit Answer