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Question 1 of 6
1. Question
_____ life insurance provides a death benefit for the lifetime of the insured and offers a tax-advantaged savings feature.
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Question 2 of 6
2. Question
Which of the following types of life insurance does NOT accumulate a cash value?
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Question 3 of 6
3. Question
Your client can no longer afford her life insurance policy premiums. Rather than surrender the policy for its cash value, she has chosen to buy extended term insurance, which is one of the policy’s _____ options.
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Question 4 of 6
4. Question
If a permanent life insurance policy’s premium payments exceed a certain level during the first seven years after issue (i.e., fails the seven-pay test), the Internal Revenue Service will consider the policy to be a _____.
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Question 5 of 6
5. Question
A universal life policy contains all the following types of premiums, EXCEPT:
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Question 6 of 6
6. Question
Which of the following features is NOT common to a universal life insurance policy?
