The excess interest provision in life insurance means that the cash value will increase:
A) faster than the guaranteed rate if the insurer actually earns a greater return than the guaranteed rate
B) faster than the guaranteed rate even if the insurer does not earns a greater return than the guaranteed rate
C) faster than it would with a universal or variable life policy
D) slower than the guaranteed rate
Correct Answer:
Verified
Q23: After taking an introductory course in insurance,
Q24: Credit life insurance is:
A) a group life
Q25: Whole life insurance policy sales have declined
Q26: Which of the following is not a
Q27: Which of the following is false with
Q29: Which of the following is a permanent
Q30: Term life insurance has significantly increased in
Q31: MaryJo owns a whole-life insurance policy on
Q32: If a term life policy is convertible,
Q33: All of the following statements about term
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents