In Variable Universal Life (VUL) Policies the Maximum Premium Standard

question 312

Multiple Choice

In variable universal life (VUL) policies the maximum premium standard set was:

• A) To define a maximum cash value per death benefit and to define a maximum premium for a given death benefit
• B) To define a minimum cash value per death benefit and to define a moderate premium for a given death benefit
• C) To define a maximum cash value per death benefit and to define a moderate premium for a given death benefit
• D) None of these

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Definitions:

Fight-Flight-Freeze

A physiological response to perceived threat, consisting of three potential reactions: confronting the threat, escaping the threat, or becoming immobilized.

Inflammatory Processes

Describes the body's response to injury or infection, characterized by redness, warmth, swelling, and pain.

Subjective Well-Being

An individual's self-assessment of their own happiness and life satisfaction, considering factors like emotional and cognitive judgments.

Extraverted

Oriented towards the external environment, characterized by sociability, talkativeness, and a desire for external stimulation.