Fundamentos del Seguro de VidaPregunta 399 de 716
In a variable life insurance policy, the cash value is held in:
a.Separate account sub-accounts selected by the policyowner
b.The insurer's general account, earning a fixed guaranteed rate of interest
c.A government-managed trust fund
d.An FDIC-insured bank savings account owned by the insured
Explicación
Variable life places the cash value in separate account sub-accounts (similar to mutual funds) that the policyowner selects, so the owner bears the investment risk and the cash value rises and falls with market performance. The general account with a guaranteed rate describes traditional whole life. It is not a bank savings account, and it is not a government trust fund. Because the money is invested in securities, variable life requires a securities registration to sell.
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- Decreasing term insurance is most commonly purchased to:
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- Before completing the sale of a variable life insurance policy, the producer is required to deliver to the applicant a:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)