Which of the following statements pertaining to variable life insurance is CORRECT?
A) The benefits of variable life insurance vary according to the amount of premiums paid.
B) With a variable life insurance policy, the insurance company assumes the investment risk.
C) In a variable life insurance policy, cash values and the death benefit are not guaranteed.
D) Variable life insurance cannot be proposed in a sales situation unless the proposal is preceded or accompanied by a prospectus."
Ans: D) Variable life insurance cannot be proposed in a sales situation unless the proposal is preceded or accompanied by a prospectus."
You might also like to view...
Which of the following is most likely a financial public?
A) community organization B) minority group C) corporate attorney D) stockholder E) newspaper
Combine these two simple sentences into one simple sentence with a compound verb
A) Jenny went to the grocery store; she bought chicken and potatoes. B) Jenny went to the grocery store and bought chicken and potatoes. C) Jenny went to the grocery store, and she bought chicken and potatoes.