Which of the Following Is not Correct with Respect to Universal

question 26

Multiple Choice

Which of the following is not correct with respect to universal life insurance?

• A) Is interest sensitive
• B) Has flexible premiums and benefits
• C) Usually involves more guarantees than ordinary whole life
• D) The pattern of face amount may be selected

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Definitions:

Operant Behaviors

Actions that an individual takes that are modified by the consequences they lead to, extensively studied in operant conditioning.

Respondent Behaviors

Automatic responses elicited by specific stimuli, based on the principle of classical conditioning in psychology.

Variable-ratio Schedule

A reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable number of responses.

Reinforcement

In behavioral psychology, a process by which a behavior is strengthened or increased in frequency by the outcome that follows it.