Which of the Following Statements About an Indeterminate-Premium Whole Life

question 47

Multiple Choice

Which of the following statements about an indeterminate-premium whole life insurance policy is (are) true?
I.It permits the insurer to adjust premiums based on anticipated future experience.
II.It allows policyholder dividends to be used to lower premiums.

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

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Definitions:

CDI

Consumer Decision Interface; typically referring to tools or platforms that assist consumers in making purchasing choices. If meant as "Category Development Index," it's a measure of the sales performance of a category of goods within a specific market segment.

Market Segment

A portion of a larger market that is categorized based on shared characteristics, needs, or preferences of its members.

Corporate Level

Pertains to the strategic scope of an organization as a whole, encompassing all its divisions and products, and focusing on overall direction and goals.

Product Modification

A strategy where a company makes minor changes or improvements to a product to increase its appeal or to reach a different market segment.