Fundamentos del Seguro de VidaPregunta 370 de 716
In a traditional whole life policy, the cash value:
a.Grows tax-deferred and is guaranteed
b.Must be completely withdrawn by the owner every year
c.Is available to the owner only at the insured's death
d.Rises and falls directly with stock market performance
Explicación
Whole life cash value grows on a guaranteed schedule and accumulates tax-deferred, and the living owner can access it through loans or surrender. It is not locked up until death; that is a benefit of the cash value while the insured is alive. It does not move with the stock market (that describes variable products). And there is no requirement to withdraw it annually. The guaranteed, tax-deferred growth is a hallmark of traditional whole life.
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Preguntas relacionadas de este tema
- A term policy that permits the insured to exchange it for a permanent policy without providing new evidence of insurability is described as:
- Annual renewable term lets the policyowner continue coverage each year without new evidence of insurability, but:
- Term insurance costs less than whole life for the same face amount primarily because term insurance:
- A 'participating' whole life policy is one that:
- Compared with traditional whole life, a distinguishing feature of universal life is that the policyowner can:
- An endowment policy pays its face amount:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)