Fundamentos del Seguro de VidaPregunta 388 de 716
A modified whole life policy is characterized by:
a.Lower premiums during the first few years and higher, level premiums thereafter
b.No premiums due at all after the very first payment
c.A single lump-sum premium paid at issue that fully funds the policy for the insured's lifetime
d.Premiums that decrease a little every single year
Explicación
Modified whole life charges reduced premiums in the initial years (helpful for younger buyers with limited budgets) and then a higher, level premium for the remainder of the policy. A single lump-sum payment describes single-premium whole life. Premiums that decline annually are not the modified design. And coverage is not fully paid after one payment. The appeal of modified whole life is easing the early cost of permanent coverage while still providing lifetime protection.
Practica las 716 preguntas gratis — sin registro.
Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- A universal life policy is at risk of lapsing if:
- A survivorship (second-to-die) life insurance policy pays the death benefit:
- A joint life (first-to-die) policy covering two people is designed to pay:
- Single-premium whole life insurance is funded by:
- An adjustable life policy is distinctive because it allows the policyowner to:
- Current assumption (interest-sensitive) whole life differs from traditional whole life mainly in that its:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Life & Health Insurance License Exam · Cómo revisamos
Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)