If the seller was intoxicated at the time of the contract was signed and did not fully understand the significance of the agreement, the contract is

All of the following are characteristics of variable life insurance EXCEPT:

(a) the premium payments are flexible (fixed, not flexible w/ variable life insurance) (b) the cash value is not guaranteed (c) the policyowner selects where the savings reserve is invested (d) a minimum death benefit is guaranteed, but the death benefit can be higher if the investment performance is favorable

Which of the following is true about benefits administration?

A. Benefit packages always start as soon as the employee begins work. B. Most plans are easy to explain to employees and are straightforward. C. Employees often do not know how much an employer spends on benefits. D. Benefits offered must be the same across all jobs in an organization for equity.