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Chapter 3 Life Insurance Policies- Provisions, Options and Riders (Exam 2)
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---6december 20242024/2025A+
- Life insurance policies provisions exam with answers. 
A variable insurance policy: 
-guarantees a minimum rate of return 
-does not allow the policyowner to assume the investment risk 
-does not guarantee a return on its investment accounts 
-does not guarantee an assignment provision - Ans>>>does not guarantee a return on its investment accounts 
 
Which statement about a whole life policy is correct? 
-Beneficiary may be changed only with the consent of the premium payor 
-Death ...
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