Which of the following statements made by a registered representative selling a variable life insurance policy would be likely to result in disciplinary action?

Question

Quizplus · Accepted Answer

Both Statements A and B are likely to result in disciplinary action. Members are advised not to recommend that a client finance a variable life policy using the cash value of an existing policy unless that transaction is otherwise suitable for that particular client, and
members are warned that proving such a transaction was in the customer's best interest is probably going to be more difficult than an outright sale of the variable life policy would have been. Members are also instructed that in no way should a variable life insurance policy be promoted as an investment, a retirement plan, or a savings account. Members are required to market it as what it is-life insurance.

Which of the Following Statements Made by a Registered Representative