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VCE
Which Is the name of the policy that combines a universal life policy with investment choices?
A. Interest-sensitive universal life policy.
B. Straight universal life policy.
C. Variable universal life policy.
D. Flexible universal life policy.
In reference to life Insurance in contract law, a person MOST likely will have an insurable interest in insuring a person's life If
A. the interest exists at the time of death.
B. the interest exists at the time of application.
C. any type of distant family relationship exists with the insured party.
D. any type of business relationship exists between the insured party and the beneficiary.
What does a limited payment whole life policy provide?
A. Protection to age 65.
B. Life time protection.
C. A lower premium.
D. Pure protection.