Which of the following is a disadvantage of a current-assumption whole life policy?

The cost recovery rule for AL policies treats amounts received by the policyowner as:

The easiest, but least accurate policy comparison method to understand and use is the

For which of the following is the use of single premium whole life insurance LEAST appropriate?

Life insurance is an effective way to shift wealth between generations.

Which of the following is an advantage of a No-Lapse Universal Life Policy?

Term insurance has no tax-deferred, automatic savings feature as permanent coverage does.

The prohibited practice of an agent sharing the commission with the purchaser is called:

The “optional modes of settlement” include all of the following except:

Policies that fail the thirteen-pay test will be treated as modified endowment contracts (MECs).