What is the approach to assessing the consumer's need for life insurance that focuses on an individual's future stream of income?
An insured wants to purchase a policy with three key elements: flexible premium, death benefit, and the choice of mutual funds where the cash value will be Invested In a separate account. The Insured should purchase
An insured has chosen to receive the payout from her husband's life insurance policy so that she will receive an Income for the next 10 years. At the end of that time, the entire proceeds from the policy will have been paid out. The insured has selected which option?
As a form of level premium permanent Insurance, ordinary life Insurance accumulates a reserve that eventually
An annuitant dies during the accumulation period. What happens to the cash value in the annuity?
Insurers do business in Ohio only after a thorough financial review. Most insurance policies written in Ohio are protected by the Guaranty Association established to protect policy owners In the event an admitted company
Which of the following statements BEST describes a single premium cash value policy?
Which nonforfeiture option allows the policyowner to purchase less coverage for life?