人寿保险基础第 324 / 716 题
A limited-pay whole life policy differs from ordinary (straight) whole life in that limited-pay:
a.Builds no cash value at any point, because the shortened payment period leaves nothing to accumulate
b.May be purchased only by applicants who are already over age 65 and want their coverage paid up quickly
c.Requires premiums only for a specified, shorter period; the owner never owes another premium after it
d.Provides coverage only for the same set number of years in which premiums are payable
解析
Limited-pay whole life is permanent insurance in which premiums are paid over a shortened, defined period (for example, 20-pay life or paid-up at 65), after which the policy is fully paid up and coverage continues for life. Coverage is still lifetime, so it is wrong to say coverage runs only for the same set number of years in which premiums are payable. Like all whole life, it builds cash value. There is no restriction limiting purchase to applicants over age 65. The trade-off is higher premiums during the payment period in exchange for finishing payments sooner.
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同考点相关题目
- Which type of permanent policy is known for allowing the policyowner to adjust the premium amount and the death benefit within limits after issue?
- Under the 'human life value' approach to determining how much life insurance a person needs, the insurer primarily estimates:
- A policyowner buys a term policy in which the death benefit steadily declines over the years while the premium stays level. This is commonly used to cover a mortgage. What is it called?
- In a universal life policy, choosing the 'level death benefit' option (Option A) rather than the 'increasing death benefit' option (Option B) generally results in:
- In a variable life insurance policy, the cash value and (in part) the death benefit can rise or fall based on the performance of separate account investments. Because of this investment risk, the producer selling it generally must:
- The method of estimating life insurance need that totals specific obligations, such as final expenses, debts, income replacement, and education, then subtracts existing assets, is the:
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审核人 John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — 核实)