Universal and Variable Universal Life Policies Have Two Types of Disability

question 7

Multiple Choice

Universal and variable universal life policies have two types of disability riders.The riders are:

• A)Waiver of mortality charges and waiver of premium.
• B)Waiver of mortality expenses and waiver of scheduled premium.
• C)Waiver of expense charges and waiver of mortality premium.
• D)Waiver of scheduled charges and waiver of scheduled premium.

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Definitions:

Goods And Services

Products and activities that fulfill the needs or wants of consumers, where goods are physical items and services are intangible benefits.

Ethical Concerns

Matters or situations involving principles of right and wrong behavior that require individuals or organizations to evaluate and act according to ethical standards.

Market Segments

Division of a market into distinct groups of buyers with different needs, characteristics, or behaviors who might require separate products or marketing mixes.

Older Adults

Individuals who are in the later stages of their life, often considered to be 65 years of age or older.