All of the Following Statements Describe the Flexibility Available to the Owner

question 17

Multiple Choice

All of the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT

• A)Policy loans are permitted on an interest-free basis.
• B)The frequency of premium payments can be varied.
• C)The death benefit can be increased with evidence of insurability.
• D)Premium payments can be any amount provided there is sufficient cash value to keep the policy in force.

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Definitions:

Conus Medullaris

The tapered, lower end of the spinal cord that occurs near the first and second lumbar vertebrae.

Lumbar Vertebrae

Lumbar Vertebrae are the five vertebrae located between the rib cage and the pelvis in the lower back, designed to bear much of the body's weight and stress.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain; part of the central nervous system.

Foramen Magnum

A large opening at the base of the skull through which the brain connects to the spinal cord.