All of the Following Statements About Current Assumption Whole Life

question 50

Multiple Choice

All of the following statements about current assumption whole life insurance are true EXCEPT

• A)It is a form of participating whole life insurance that pays annual dividends.
• B)An accumulation account is credited with an interest rate based on present market conditions and company experience.
• C)Under the low-premium version,the premium is subject to change after an initial guaranteed period.
• D)Under the high-premium version,the premium may be discontinued after a period of time.

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A measure of time used to quantify the number of hours spent on an activity or activities within a 24-hour period.

Gasoline

A refined petroleum product used primarily as fuel in internal combustion engines.

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Services conducted to fix or maintain vehicles to ensure they are in proper working condition, often necessitating parts replacement or maintenance.

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A measure of time, typically referring to the number of hours allocated or spent on a particular activity within a 24-hour period.