Protection SUL [SS06 L6 of 10]

Question 1

TRUE/FALSE

Pro-rate surrender charges will apply during the surrender charge period on face amount decreases.

Question 2

TRUE/FALSE

The Long term Care Rider is available for PSUL.

Question 3

This helps ensure that the client’s policy continues to meet the desired objectives of their policy (select all that apply)

• LifeTrack Billing
• Inforce Illustration
• Annual Performance Summary
• Invest in Your Life

Question 4

TRUE/FALSE

Maximum issue age for PSUL is age 85.

Question 5

This feature is an additional credit provided to the Policy Value on a monthly basis.

• Vitality Plus Bonus
• Policy Value Credit
• Flat Extra
• persistency Bonus

Question 6

Minimum policy loan amount is:

• $400
• $250
• $500
• $600

Question 7

The guaranteed loan spread for PSUL in NY for policy years 11+ is:

• .21%
• .23%
• .25%
• 1.25%

Question 8

The Premium Charge on PSUL in policy years 1-10 is:

• 52%
• 55%
• 50%
• 35%

Question 9

TRUE/FALSE

PSUL cannot be issued if one of the lives is considered “uninsurable”.

Question 10

The minimum face amount for PSUL is:

• $300,000
• $200,000
• $250,000
• $100,000

Question 11

The current Policy Loan Spread in Years 1-10 is:

• 1.6%
• 1.33%
• 1.25%
• 1.50%

Question 12

TRUE/FALSE

The policy value does not continue to accumulate interest past the younger Insured’s Age 121.

Question 13

TRUE/FALSE

The Protection SUL pays out when the first insured passes away.

Question 14

The Persistency Bonus starts in the beginning of policy year:

• 6
• 11
• 7
• 12

Question 15

TRUE/FALSE

Face Amount increases are permitted on PSUL.

Question 16

The charge for the Policy Split Option is assessed:

• Annually
• Monthly
• Quarterly
• There is not an additional charge for this rider.

Question 17

The Quit Smoking Incentive (QSI) is available for issue ages:

• 20-70
• 20-75
• 20-80
• 18-75

Question 18

TRUE/FALSE

Protection SUL with Vitality is not available to Insureds with an age gap greater than 20 years.

Question 19

TRUE/FALSE

Beginning in policy year 12, the Asset Bonus will be applied to the balances of the Guaranteed Interest Account.

Question 20

This feature guarantees the policy will not default during the no-lapse guarantee period, provided certain requirements are met.

• Accelerated Death Benefit
• Death Benefit protection
• Estate Preservation
• Persistency Credit

Question 21

The current credit rate on the PSUL outside of NY is:

• 4.7%
• 4.55%
• 4.35%
• 4.1%

Question 22

TRUE/FALSE

Policy withdrawals are available in the first policy year.

Question 23

TRUE/FALSE

Death Benefit Option Change (2 to 1 only) is available in the first policy year.

Question 24

This provides an opportunity for a policy to earn credits based on healthy actions taken by each insured.

• Policy Split Option
• Estate Preservation Rider
• Vitality Plus
• CIBR

Question 25

The Return of Premium Rider is available at issue with:

• Death Benefit Option 2
• Death Benefit Option 1