2 Var Ins Flashcards by Brandy S | Brainscape

Q

cash value

A

tied to performance

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Q

death bene

A

acutal performance vs. AIR

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Q

AIR 6% Actual Ret 4%

increase vs decrease

cash value

death bene

A

increases

decreases

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Q

fees & risk (3)

A

morality risk

expense risk

investment mgmt fee

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Q

cash val

how often calculated

A

daily

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Q

death benefit

how often calculated

A

annually

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Q

75% cash val

aval for loan after how long

A

3 years

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Q

loan if not reapid

decreases

A

cash val

&

death bene

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Q

can switch to var whole life

within what time

w/o EIO

A

24 months

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Q

death bene

A

rcvd tax free to bene

amt added to deceased’s estate for taxing

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Q

withdraw

$ comes from

A

FIFO

1st w/d is cash basis

(considered prem & not taxed)

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