All of the Following Statements About Variable Life Insurance Are

question 40

Multiple Choice

All of the following statements about variable life insurance are true EXCEPT

• A)The premium is level and guaranteed not to increase.
• B)The death benefit varies according to investment experience.
• C)The policyowner has the option of investing the cash value in several investment accounts.
• D)Cash surrender values are guaranteed.

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Definitions:

Feedforward Control

A control that ensures that directions and resources are right before the work begins.

Improve Things

The act of making something better or more effective through changes or modifications.

Right Now

A phrase indicating the current moment or immediate time, often used to emphasize the urgency or importance of an event or action.

Controlling

In management, this refers to the process of monitoring, assessing, and making necessary adjustments to the plans to ensure that organizational goals are achieved.