Products第 26 / 110 题
In a scheduled premium variable life insurance policy:
a.Both the death benefit and the cash value are guaranteed by the insurer
b.A minimum death benefit is guaranteed, while the cash value is not guaranteed and may fall to zero
c.The cash value is guaranteed but the death benefit varies with separate account performance
d.Neither the death benefit nor the cash value can change after issue
解析
Variable life provides a guaranteed minimum face amount as long as scheduled premiums are paid, but the cash value rides entirely on separate account results and carries no floor. Guaranteeing the cash value would defeat the variable structure. The death benefit above the minimum can also rise with strong investment performance, so nothing about the policy is fully fixed.
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