Universal Life (ID-L)

Stuart has a universal life insurance policy. The policy death benefit increases over time, and the death benefit is equal to the policy face amount, plus the amount of the cash value. Which universal life option is this?

Bruce has a universal life insurance policy. It provides a level death benefit that does not increase over time. Which universal life option is this?

Which of the following is NOT true regarding a variable universal life policy?

Which of the following are considered securities?

What two types of licenses does an insurance professional need if he or she sells variable life insurance policies?

Since universal life option A has a level death benefit and grows cash value, it is most similar to which other type of life insurance?

Molly has a universal life insurance policy with a significant amount of cash value. What will most likely happen if she forgets to pay her monthly premium by the due date?