人寿保险基础第 389 / 716 题
Single-premium whole life insurance is funded by:
a.One lump-sum payment that fully pays up the policy at issue
b.Premiums that are waived after the first policy year
c.A benefit amount that declines steadily over the years
d.Level monthly premiums paid for the insured's lifetime, as in ordinary whole life
解析
Single-premium whole life is fully paid up with one lump-sum payment at issue, immediately creating substantial cash value and lifetime coverage with no further premiums due. Level lifetime premiums describe ordinary whole life. A declining benefit describes decreasing term, not whole life. And there is no waiver of premium involved, since only one premium is ever paid. Because it is funded so heavily and quickly, single-premium whole life is usually classified as a modified endowment contract for tax purposes.
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同考点相关题目
- 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:
- A modified whole life policy is characterized 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:
- A 'jumping juvenile' policy is a form of juvenile life insurance in which the face amount:
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审核人 John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — 核实)