Which of the Following Statements About a Variable Universal Life

question 30

Multiple Choice

Which of the following statements about a variable universal life insurance policy is (are) true?
I. There is a minimum guaranteed interest rate for the cash value.
II.The policyowner has a variety of investment options for the investment of premiums.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Economic Concerns

Issues or problems relating to the economy, including unemployment, inflation, and economic policy.

Proportion

A fraction or percentage that represents a part of a whole or a total.

Test

An examination or evaluation conducted to determine the presence, quality, or truth of a specific characteristic, hypothesis, or condition.

Degrees Of Freedom

The number of values in a statistical calculation that are free to vary.