question 22 of 60\na variable life insurance policy will include which of the following features?\na. fixed…

question 22 of 60\na variable life insurance policy will include which of the following features?\na. fixed premium, guaranteed minimum death benefit, separate accounts\nb. guaranteed minimum death benefit and guaranteed minimum cash value\nc. flexible premium, no guarantees, general account\nd. flexible premium, no cash values, separate accounts

question 22 of 60\na variable life insurance policy will include which of the following features?\na. fixed premium, guaranteed minimum death benefit, separate accounts\nb. guaranteed minimum death benefit and guaranteed minimum cash value\nc. flexible premium, no guarantees, general account\nd. flexible premium, no cash values, separate accounts

Answer

Brief Explanations:

Variable - life insurance has a fixed premium. It also has a guaranteed minimum death benefit and the cash - value is invested in separate accounts. The cash - value is not guaranteed and there is no guarantee on minimum cash - value. Premiums are fixed, not flexible. The investment is in separate accounts, not the general account.

Answer:

A. Fixed premium, guaranteed minimum death benefit, separate accounts