All of the Following Statements Describe the Flexibility Available to the Owner

question 17

Multiple Choice

All of the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT

• A)Policy loans are permitted on an interest-free basis.
• B)The frequency of premium payments can be varied.
• C)The death benefit can be increased with evidence of insurability.
• D)Premium payments can be any amount provided there is sufficient cash value to keep the policy in force.

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Definitions:

Self-actualization

The attainment of personal talents and possibilities, viewed as a basic urge in all individuals.

Individualized Perception

The concept that each person interprets and understands information differently based on their own experiences and personal characteristics.

Perception

The process by which individuals interpret and organize sensory information to give meaning to their environment.

Meaningful Picture

An image or representation that conveys significant, informative, or insightful content to the observer.