Education > QUESTIONS & ANSWERS > VUL/ULP MOCK EXAMS QUESTIONS 2023 LATEST VERSION VERIFIED 100% (All)

VUL/ULP MOCK EXAMS QUESTIONS 2023 LATEST VERSION VERIFIED 100%

Document Content and Description Below

B - People generally invest their money to provide: I. An improvement in their financial position II. A less comfortable standard of living III. Retirement income IV. Funds for paying necessary ... expenses and taxes when the person dies A. I,II and III B. I, III and IV C. I, II, and IV D. II, III and IV C - Which of the following funds is comprised of a higher proportion of equity and a lower proportion of fixed-income instruments? A. Bond Funds B. Cash Funds C. Managed Funds D. Mixed Funds C - Which of the following are the main characteristics of Variable Life insurance policies? I. The policies can be used for investments, as a source of regular savings and protection. II. The withdrawal and protection benefit are determined by the investment performance of the underlying assets. III. The net withdrawal values of the policies are the gross withdrawal values shown in the policy which includes cash dividends up to the date of surrender, less all indebtedness and includes interests. A. I only B. II only C. I and II only D. I, II and III B - Which of the following statements are FALSE? I. The policyowners may request a partial withdrawal of the policy and the amount will be met by cashing the units at the offer price. II. The structure of charges and the investment content of a Variable Life policy are specified in the policy document and the policy statement. III. Some Variable Life policies grant loans to policyowners which is limited to a percentage of the cash value. IV. Commissions and office expenses are met by a variety of implicit charges, some of which are variable. A. I and II only B. I and III only C. II and III only D. All of the above D - Which of the following statements about the feature of Regular Premium Variable Life Policy are TRUE? I. Top-ups are usually allowed. II. The level of cover can be varied. III. Premium holidays are usually allowed. A. I and II only B. I and III only C. II and III only D. I, II and III C - Which one of the following statements is NOT TRUE about the benefits of investing in a Variable Life insurance policy? A. The fund provides a highly diversified portfolio, thus, lowering the risk of investment. B. The fund relieves the investor from the hassles of administering his/her investment. C. The fund ensures definite high yield for an investor since it is managed by professionals who are well-versed in the management of risk of the investment portfolio. D. The fund enables small investors to participate in a pool of diversified portfolios in which he/she is unlikely to have access to with low investment capital. B - Which of the following statements describes the difference between Variable Life insurance products and traditional participating products? I. Variable Life insurance products allow policyowners to change the premium payments but traditional participating life products do not. II. Variable Life insurance products can take the form of Whole Life or Endowment policies but Traditional Life policies cannot. III. Variable Life insurance products allow the policyowners to pay future single premiums from time to time to add more units to his account but Traditional Life participating products do not. A. I only B. I and III only C. II and III only D. I, II and III C - Which of the following are some of the flexibility features of Variable Life insurance policies? I. Partial Withdrawal II. Variation in sum assured III. Guaranteed withdrawal values A. II only B. III only C. I and II only D. I, II and III C - Which of the following statements about Single Premium Variable Life policies are TRUE? I. There is no fixed term in a Single Premium Variable Life policy and therefore, it is technically Whole Life insurance. II. Top-ups or single premium injections are allowed. III. Policyowners have the flexibility of varying the life coverage. A. I and II B. I and III C. II and III D. I, II, and III D - The benefits of investing in Variable Life fund include: I. Policyowners have access to a pooled and diversified portfolio of investment. II. The policyowner can easily change the level of premium payments as the product design of Variable Life insurance policies have clear structures which cater separately for investment and insurance protection. III. Policyowners can gain access to Variable Life funds managed by professional investment managers. IV. The policyowner is relieved of the day to day administration of his investment. A. I, II, and III B. I, II, and IV C. I, III, and IV D. All of the above [Show More]

Last updated: 10 months ago

Preview 1 out of 25 pages

Reviews( 0 )

Recommended For You

 Business> QUESTIONS & ANSWERS > CE Shop, CE Shop Final Exam Questions and Answers 100% Pass (All)

preview
CE Shop, CE Shop Final Exam Questions and Answers 100% Pass

CE Shop Final Exam Questions and Answers 100% Pass Blaire apparently hasn't learned her lesson. She paid a $5,000 penalty when MREC found her guilty of misrepresentation, a $10,000 penalty when she...

By Nutmegs , Uploaded: Jul 16, 2023

$11

 Ryanair security> QUESTIONS & ANSWERS > Ryanair Conversion; Ryanair Conversion Questions and Answers 100% Pass Rate. (All)

preview
Ryanair Conversion; Ryanair Conversion Questions and Answers 100% Pass Rate.

Ryanair Conversion Questions and Answers 100% Pass How many passengers seats does a Boeing 737-800 have? ✔✔189 How many passenger seats does a Boeing 737-8200 have? ✔✔197 What row are the MED door...

By Nutmegs , Uploaded: Jun 09, 2023

$11

 *NURSING> QUESTIONS & ANSWERS > Advanced Cardiovascular Life Support Exam Version A (50 questions) and solution (All)

preview
Advanced Cardiovascular Life Support Exam Version A (50 questions) and solution

1. You find an unresponsive patient who is not breathing. After activating the emergency response system, you determine that there is no pulse. What is your next action? A. Open the airway with a h...

By arp , Uploaded: Jul 18, 2022

$11

 Health Care> QUESTIONS & ANSWERS > Advanced Cardiovascular Life Support Exam Version B (50 questions) (All)

preview
Advanced Cardiovascular Life Support Exam Version B (50 questions)

Advanced Cardiovascular Life Support Exam Version B (50 questions) Please do not mark on this exam. Record the best answer on the separate answer sheet. 1. What should be done to minimize interrupt...

By Nutmegs , Uploaded: Jun 03, 2022

$13

 Health Care> QUESTIONS & ANSWERS > NRNP 6552 WEEK 6 MIDTERM EXAM LATEST. Contains 100 Q & A. Score 100% (All)

preview
NRNP 6552 WEEK 6 MIDTERM EXAM LATEST. Contains 100 Q & A. Score 100%

NRNP 6552 MIDTERM EXAM LATEST 2023-(NRNP6552 WEEK 6 MIDTERM 100 Q & A-VERIFIED ANSWERS)

By NurseEunice , Uploaded: Apr 22, 2023

$12

 English> QUESTIONS & ANSWERS > LETRS Units 5 - 8 Pre & Post Test Graded A (All)

preview
LETRS Units 5 - 8 Pre & Post Test Graded A

LETRS Units 5 - 8 Pre & Post Test Graded A Once students decode well, which statement describes the relationship between vocabulary and reading comprehension? - ANSWER Vocabulary is the best single...

By emily009 , Uploaded: Jan 18, 2023

$9.5

 Computer Science> QUESTIONS & ANSWERS > CCNA 2 TM357 The Open University : You are working on a free form Packet Tracer challenge activity. You have been given the 'London Railways' network. (All)

preview
CCNA 2 TM357 The Open University : You are working on a free form Packet Tracer challenge activity. You have been given the 'London Railways' network.

You are working on a free form Packet Tracer challenge activity - as seen in Figure 1, you have been given the 'London Railways' network.' The purpose of this EMA question is to build upon each of the...

By CourseWorks,Inc , Uploaded: Mar 23, 2023

$9.5

 Medical Studies> QUESTIONS & ANSWERS > Atls Post-Test-NEW GRADED 100 %% Shinta R. Widya, MD (All)

preview
Atls Post-Test-NEW GRADED 100 %% Shinta R. Widya, MD

Shinta R. Widya, MD–Post Test ATLS11.Which of the following signs is LEAST reliable for diagnosing esophageal intubation?aSymmetrical chest wall movementbEnd tidal CO2 presence by colorimetrycBilatera...

By denim NURSE , Uploaded: Jul 28, 2021

$10

 *NURSING> QUESTIONS & ANSWERS > Prophecy Core Mandatory Part 2 Attempt score 100% (All)

preview
Prophecy Core Mandatory Part 2 Attempt score 100%

Prophecy- Core Mandatory Part II (Nursing) 1. What should you assess regardless of age group? 2. The National Patient Safety Goal 6 is to improve the safety of clinical alarm systems. What is t...

By CoursesExams , Uploaded: Mar 25, 2022

$8

 *NURSING> QUESTIONS & ANSWERS > NCSBN Practice Test Questions Compilation (All)

preview
NCSBN Practice Test Questions Compilation

NCSBN ON-LINE REVIEW 1.A client has been hospitalized after an automobile accident. A full leg cast was applied in the emergency room. The most important reason for the nurse to elevate the casted l...

By Cheryshev , Uploaded: Sep 12, 2021

$25

$7.50

Add to cart

Instant download

Can't find what you want? Try our AI powered Search

OR

GET ASSIGNMENT HELP
107
0

Document information


Connected school, study & course



About the document


Uploaded On

May 18, 2023

Number of pages

25

Written in

Seller


seller-icon
charles

Member since 3 years

9 Documents Sold


Additional information

This document has been written for:

Uploaded

May 18, 2023

Downloads

 0

Views

 107

Document Keyword Tags

THE BEST STUDY GUIDES

Avoid resits and achieve higher grades with the best study guides, textbook notes, and class notes written by your fellow students

custom preview

Avoid examination resits

Your fellow students know the appropriate material to use to deliver high quality content. With this great service and assistance from fellow students, you can become well prepared and avoid having to resits exams.

custom preview

Get the best grades

Your fellow student knows the best materials to research on and use. This guarantee you the best grades in your examination. Your fellow students use high quality materials, textbooks and notes to ensure high quality

custom preview

Earn from your notes

Get paid by selling your notes and study materials to other students. Earn alot of cash and help other students in study by providing them with appropriate and high quality study materials.

WHAT STUDENTS SAY ABOUT US


What is Browsegrades

In Browsegrades, a student can earn by offering help to other student. Students can help other students with materials by upploading their notes and earn money.

We are here to help

We're available through e-mail, Twitter, Facebook, and live chat.
 FAQ
 Questions? Leave a message!

Follow us on
 Twitter

Copyright © Browsegrades · High quality services·