Which of the Following Is Not Characteristic of Universal Life

question 112

Multiple Choice

Which of the following is not characteristic of universal life insurance?

• A) flexible premiums
• B) choice of how the accumulation account is invested
• C) option A provides a level death benefit
• D) option B provides a stated amount of insurance plus the accumulated cash value
• E) the death protection and the savings portion are identified separately

Recognize the legal responsibilities of contracting parties in ensuring the fulfillment of contracted duties.

Evaluate the legal consequences of not performing under a contract and the remedies available.

Understand the conditions under which a third-party can enforce a contract.

Identify the legal foundations for the delegation of contractual obligations and the limitations thereof.

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Definitions:

Lose 1 Pound

References the process of reducing body weight by one pound, typically through the loss of 3,500 calories.

Postabsorptive State

The metabolic period occurring after the complete digestion and absorption of a meal, when the body begins utilizing stored nutrients for energy.

Glycogen

A large, branched polysaccharide made of glucose molecules, serving as a form of energy storage in humans, animals, fungi, and bacteria.

Glucose

An elementary sugar which is a significant source of energy within living beings and is involved in the formation of lots of carbohydrates.