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In Business / College | 2025-07-07

A variable life insurance policy will include which of the following features?
A. Guaranteed minimum death benefit and guaranteed minimum cash value
B. Flexible premium, no guarantees, general account
C. Flexible premium, no cash values, separate accounts
D. Fixed premium, guaranteed minimum death benefit, separate accounts

Asked by ninetejayven

Answer (2)

Variable life insurance policies feature a flexible premium, no guarantees for death benefits or cash values, and utilize separate accounts for investment. They allow for customizable contributions based on the policyholder's financial situation. Understanding these elements is essential in evaluating the suitability of such insurance options. ;

Answered by GinnyAnswer | 2025-07-07

A variable life insurance policy includes features such as flexible premiums, the absence of guaranteed death benefits or cash values, and investments in separate accounts. Therefore, the correct answer is option B. Flexible premium, no guarantees, general account.
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Answered by Anonymous | 2025-07-22

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