Describe One of the Major Innovations of the Universal Life Assurance Policy. Choose the Most Appropriate Option.
A) No Premiums, After First Year.
B) Completely Flexible Premiums, After First Policy-Year.
C) Reduced Premiums, After First Year.
D) Regular Pay-Outs, After First Year.
Correct Answer:
Verified
Q14: Name the Term, used to describe "With-Profits"
Q15: Describe a Tangible Product.
A)A Tangible Product refers
Q16: Describe an In-Tangible Product.
A)An In-Tangible Product refers
Q17: You are Paying a Higher Premium towards
Q18: --- is an Example of an In-Tangible
Q19: Inter-Temporal Allocation of Resources, refers to --.
A)Postponing
Q20: From the Following Options, Identify a Non-Traditional
Q21: From the Following Options, Identify a Traditional
Q23: Why is, Cash in the Accumulation Account,
Q24: Identify a Limitation of Traditional Life Assurance
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