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CMFAS M9 > 1 > Flashcards

1 Flashcards

1
Q

Does universal life insurance have sum assured?

A

Yes

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2
Q

Are universal life insurance policies participating

A

No

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3
Q

Do universal life policies have minimum cash guarantees?

A

No

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4
Q

What types of flexibility do universal life insurance policies have? (3 answers)

A

Flexibility in premium payment
Flexibility in premium allocation
Flexibility in sum assured

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5
Q

What unique features do universal life insurance policies have?

A

1) Minimum Credit Interest

2) No Lapse Feature

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CMFAS M9 (2 decks)

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