Which of the Following Statements About Indexed Universal Life Insurance

question 42

Multiple Choice

Which of the following statements about indexed universal life insurance is true?

• A)It is another name for variable life insurance.
• B)Although a minimum interest rate is guaranteed,the rate credited can be higher if a specified stock index performs well.
• C)The cash value is usually credited with 100 percent of the return on the equity index,including dividends paid on the stocks in the index.
• D)The formula used to determine the additional interest credited to the policy places no limit on the additional interest that can be credited.

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Redefine

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The ability to adjust to new conditions or environments.

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The state of being fully developed in body or mind, often associated with adulthood and the ability to respond to situations in an appropriate and responsible manner.