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Best identifies one in which the cash value may fluctuate to reflect changing assumptions regarding mortality cost, investment and expense
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A life insurance policy that provides a policy owner with cash value along with level face amount is called
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Insurance Policy

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Best identifies one in which the cash value may fluctuate to reflect changing assumptions regarding mortality cost, investment and expense universal life
A life insurance policy that provides a policy owner with cash value along with level face amount is called whole life
Actions require a policy holder to provide proof of insurability Increase Face amount
The amount of coverage on a group life policy is limited to The insured's total loan value
What kind of premium does a whole life policy have? Level Premium
Universal life policy is called unbundled life policy because the policy holder can see expense charges interest earned and insurance cost
Type of policy that covers 2 lives and pays the face amount after the first one dies Joint life polity
What type of life insurance are credit policies issued as term
When is the face amount of a whole life policy paid When the insured dies or at the maturity date. Which ever happens first
combination plan designed to protect an insured from an unpaid mortgage balance upon premature death joint life
Not considered interest sensitive Modified whole life
What action can a policy owner take if application of bank requires collateral? Policy owner my assign policy ownership to bank
Created by: 100000294574632
 

 



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