GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An adjustable life insurance under which premiums and coverage are adjustable, company’s expenses are not specifically disclosed to the insured but a financial report is provided to policyholders annu
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Underwriter
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Underwriting Risk
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Universal Life Insurance
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Unauthorized Reinsurance
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Explanation:
Detailed explanation-1: -Adjusting your life insurance With many other types of life insurance policies, the death benefit is locked in when the policy is purchased and cannot be changed. Premium payments: You can lower your premium payments as long as you have enough money in your cash value account to pay for the difference.
Detailed explanation-2: -Which statement concerning an adjustable life insurance policy is FALSE? Initial premium is lower than for an equivalent amount of term insurance-Correct. The initial cost of whole life insurance is actually HIGHER than an equivalent amount of term insurance.
There is 1 question to complete.