Protection UL [SS06 L5 of 10]

Question 1

The Maximum First Year Premium is equal to:

• 10x the basic target
• 15x the basic target
• 20x the basic target
• 4x the basic target

Question 2

TRUE/FALSE

The minimum loan amount is $600

Question 3

Our CBR Rider is available for issue ages:

• 20-60
• 18-65
• 18-70
• 20-80

Question 4

TRUE/FALSE

Target Commissionable Premium or TCP does not include commissionable riders and ratings.

Question 5

TRUE/FALSE

Withdrawals are allowed after the third policy year.

Question 6

TRUE/FALSE

Our Quit Smoking Incentive (QSI) Program is not available on Protection UL

Question 7

TRUE/FALSE

At Age 121, policy and rider charges cease.

Question 8

TRUE/FALSE

The surrender charge generally grades down monthly over 10 years and is 0% in years 11 and after.

Question 9

TRUE/FALSE

At Age 121 premiums are required and permitted.

Question 10

Our Long Term Care Rider is available to accelerate the Death Benefit at the following percentages except (select all that apply):

• 4%
• 2%
• 3%
• 1%

Question 11

TRUE/FALSE

Protection UL allows for Face Amount Increases.

Question 12

TRUE/FALSE

An available rider on Protection UL is the Total Disability Waiver.

Question 13

Protection UL is run under which Definition of Life Insurance Test?

• GPT
• CVAT

Question 14

The guaranteed crediting rate on Protection UL is:

• 3%
• 2%
• 1%
• 2.5%

Question 15

How long does the Minimum Initial Premium (MIP) generally carry a policy?

• Three Months
• One Month
• Two Months
• The MIP is not enough to put the policy inforce

Question 16

TRUE/FALSE

Option 2 Death Benefit offers a level face amount.

Question 17

When are policy loans available to take from the policy?

• After policy year 3
• After policy year 2
• Any time after the policy is inforce
• After policy year 1

Question 18

TRUE/FALSE

Protection UL allows for face amount decreases after the second policy year.

Question 19

The Persistency Credit starts in the beginning of which policy year on Protection UL:

• 6
• 7
• 11
• 1

Question 20

TRUE/FALSE

On the Protection UL policy an Insured can have both the Long Term Care (LTC) Rider as well as the Return of Premium rider.

Question 21

The premium charge on Protection UL is:

• 20%
• 33%
• 18%
• 35%

Question 22

Protection UL’s current crediting rate inside NY is:

• 4.3%
• 4.6%
• 4.1%
• 4.35%

Question 23

Protection UL’s current crediting rate outside of NY is:

• 4.7%
• 4.55%
• 4.25%
• 4.35%

Question 24

TRUE/FALSE

The manner in which the Persistency Credit is reflected is guaranteed in the policy.

Question 25

This rider on Protection UL provides an additional insurance amount equal to a percentage of premiums paid up to 100%

• Long Term Care Rider
• Return of Premium
• Disability Payment of Specified Premium
• Cash Value Enhancement Rider