Variable Life Insurance (Licensure Exam)

Front 1

Variable life/make withdrawals

Back 1

Cancellations of unit

Front 2

Flexibility features

Back 2

Can take loans

Front 3

Investment returns

Back 3

Are assured (I)

Front 4

Statement true

Back 4

Time of valuation (I)

Front 5

False

Back 5

Misrepresentation

Front 6

Variable life true

Back 6

Offer price

Front 7

Most suitable investment instrument

Back 7

Fixed income

Front 8

Disadvantages

Back 8

Dividends (I)

Front 9

Difference between variable life and endowment

Back 9

Performance of the fund

Front 10

Twisting false

Back 10

Special inducememt

Front 11

Juan Dela Cruz

Back 11

Whole life

Front 12

Benefits variable life

Back 12

Access to a pool

Front 13

Ranks the ff in terms of liquidity

Back 13

PSEC

Front 14

Unit trust

Back 14

Established

Front 15

Under variable life

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There is no guaranteed

Front 16

Benefits of investing

Back 16

High initial investment

Front 17

Best describe variable life

Back 17

Directly linked

Front 18

Important proposal

Back 18

Borne solely

Front 19

Rebating true

Back 19

Prestige of an agent

Front 20

False

Back 20

Indirectly linked

Front 21

Top up

Back 21

Buy additional units

Front 22

Characteristics of variable life

Back 22

Implicit charges

Front 23

Single premium true

Back 23

Flexibility of varying

Front 24

Bonds

Back 24

Capital appreciation

Front 25

Variable life true

Back 25

Direct control

Front 26

Single premium

Back 26

Minimum death benefit

Front 27

Variable life true

Back 27

Implicit charges

Front 28

Benefits variable life fund false

Back 28

High yield

Front 29

Flexibility benefit

Back 29

Market fluctuation

Front 30

Difference between traditional participating and variable

Back 30

Less likely to offer

Front 31

Switching facility

Back 31

For the purpose/policy owners

Front 32

Traditional participating true

Back 32

Amount of surrender value

Front 33

Risks of investing true

Back 33

High yield investment (long statement)

Front 34

Computation with %

Back 34

._8 or 401k

Front 35

Protection cost

Back 35

Flat initial charges

Front 36

Diversification in portfolio

Back 36

Eliminate the risk

Front 37

Advantages preferred shares

Back 37

All of the above

Front 38

With traditional participating

Back 38

Not fixed at the inception

Front 39

Objective of satisfying customers

Back 39

Extensive investment training/training (correct statements)

Front 40

Cash

Back 40

Cash flow

Front 41

Under a regular premium

Back 41

Purchase units

Front 42

Investment objective false

Back 42

Fixed deposits

Front 43

Characteristics of variable life

Back 43

Net cash/gross cash

Front 44

Risk can be classified

Back 44

Not matching up/ losing some (correct answers)

Front 45

Duties of trustee

Back 45

Managing the portfolio

Front 46

Policy fee

Back 46

Administrative expenses

Front 47

Selling price

Back 47

Offered for sale

Front 48

Diversification

Back 48

One fund under management

Front 49

Variable life

Back 49

Capital appreciation

Front 50

Difference between variable and participating

Back 50

All of the above

Front 51

Computation

Back 51

._8 or 33k

Front 52

Best describe variable life

Back 52

Premium policy that will vary

Front 53

Factors specific risk

Back 53

Rate of corporate taxes

Front 54

Investing bonds

Back 54

Capital appreciation

Front 55

Rank the ff investment instruments

Back 55

1432

Front 56

Risk return profile

Back 56

Lower risk

Front 57

Statement true

Back 57

Time of valuation

Front 58

Not required to be disclosed

Back 58

Withdrawal value