In Flexible Premium Contracts Such as Universal and Variable Universal

question 59

Short Answer

In flexible premium contracts such as universal and variable universal life, the _____ provision specifies that the target premium to keep the policy in force will be credited to the insured's account during disability.

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Definitions:

Researchers

Individuals who conduct systematic investigations to establish facts or principles or to collect information on a subject.

Positively Skewed

A positively skewed distribution is one in which most of the data points are concentrated on the left, with the tail extending to the right.

Negatively Skewed

Describes a distribution of values where the tail on the left side of the probability density function is longer or fatter than the right side, indicating a majority of the data lies to the right of the mean.

Frequency Polygon

Line graph that uses data points to represent the frequency of each value of a variable.