先試後買

A. be paid to the policyowner in cash.

B. accumulate without interest.

C. purchase additional insurance protection.

D. reduce the policy premium.

A. The cash value is not guaranteed.

B. The policy ' s cash value is viewed as investment growth and therefore subject to taxation for each calendar year.

C. The growth of the policy ' s cash value is not subject to income tax while the policy is in force.

D. It is subject to fluctuations of the company ' s overall performance.

A. The death benefit will be reduced by the amount of the unpaid premiums.

B. The insured will automatically become eligible for accelerated death benefits.

C. The policy ' s cash value will continue to grow, but at a slower rate because the insured is no longer paying premiums.

D. There will be no change in the policy other than the insured no longer has to pay the premiums on the policy.

A. Rated policies merit lower premiums.

B. A preferred individual is issued a rated policy.

C. Substandard applicants are never issued policies.

D. Preferred risks pay a lower premium than standard risks.

A. Within 15 days of signing the agency contract.

B. Within 20 days after commissions have been paid.

C. At the time the license application is submitted.

D. Within 15 days of submitting his license application.

A. The cash value exceeds all premiums paid.

B. The policy is exchanged for a policy of equal value.

C. The policy is transferred to a third party.

D. The cash value is less than premiums paid.

A. Variable.

B. Fixed.

C. Universal.

D. Limited Life.

A. waive any preexisting conditions requirements after 30 days and allow for a 45-day " free look " period

B. waive any time periods applicable to preexisting conditions as long as the client agrees in writing to stay on a doctor recommended treatment schedule

C. allow a 45-day " free look " period

D. waive any time periods applicable to preexisting conditions to the extent that similar exclusions have been satisfied under the original policy

A. the primary beneficiary ' s children if the primary has predeceased the insured.

B. all the primary and contingent beneficiaries in equal installments.

C. the named living primary beneficiaries.

D. the estate of the deceased beneficiaries.