Interest/market-sensitive/adjustable life products Flashcards
1
Q
A type of permanent life insurance that offers flexibility to change the death benefit.
A
Universal Life
2
Q
provides life-long protection with death benefits, fixed premiums and builds up cash value.
A
Variable whole life
3
Q
a policy that pays a specified amount to your family or others (your beneficiaries) upon your death.
A
Variable Universal life
4
Q
provides that cash value of the policy can be greater than that guaranteed.
A
Interest Sensitive Whole Life
5
Q
is an insurance product that combines a death benefit with an investment component.
A
Indexed Universal Life
