American_Bankers_Association
CTFA · Question #314
A universal life insurance policy provides two types of death protection. The first type, known as Option A, provides a level death benefit. As the cash value increases:
The correct answer is A. The amount of pure insurance protection decreases. See the full explanation below for the reasoning.
Estate Planning
Question
A universal life insurance policy provides two types of death protection. The first type, known as Option A, provides a level death benefit. As the cash value increases:
Options
- AThe amount of pure insurance protection decreases
- BThe amount of pure insurance protection increases
- CThe amount of pure insurance protection remains same
- DThe amount of pure insurance protection start vary
How the community answered
(33 responses)- A76% (25)
- B3% (1)
- C6% (2)
- D15% (5)
Topics
#universal life insurance#death benefit#cash value#Option A
Community Discussion
No community discussion yet for this question.