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8 Cards in this Set
- Front
- Back
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Universal life offers a _____ as opposed to a scheduled premium |
Flexible premium |
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With universal life because of Premium flexibility, the ____ is adjustable |
Death benefit |
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Universal life shortcut = cash value fund with _______ and _______ term rates |
1. Flexible premiums 2. Annually renewable |
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Variable life means you need a ______ license Variable life is considered a _______ |
Securities Securities contract |
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Variable life - ________ accumulations can grow quicker, but are not ______ |
Cash value, guaranteed |
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Variable whole life's 2 main characteristics: |
1. Minimum guaranteed death benefit 2. No guarantee to the cash value |
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Variable universal life 3 main characteristics |
1. Premium flexibility 2. Adjustable death benefit 3. Separate account choices for the policy owner to choose |
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Equity indexed life combines most features and benefits of ______ life insurance with potential to earn greater interest based on _____ of an equity stock index |
Traditional, upward movements |
