Ic Vul Mock Exam With Complete
Responces
FALSE vOF vFLEXIBILITY vFEATURES vOF vVARIABLE vLIFE vPOLICIES v-
vCORRECT✅✅Policy vholders vcan vtake vloans vagainst vtheir vvariable vlife vpolicies
vup vto vthe ventire vwithdrawal vvalue vof vtheir vpolicies.
THE vINVESTMENT vRETURNS vUNDER vVARIABLE vLIFE vINSURANCE vPOLICY v-
vCORRECT✅✅1. vAre vnot vguaranteed
2. vAre vlinked vto vthe vperformance vof vthe vinvestment vfund vmanagement vby vthe vlife
vcompany.
3.Flunctuate vaccording vto vthe vrise vand vfall vof vmarket vprices
WHICH vOF vTHE vFOLLOWING vSTATEMENTS vIS vTRUE? v- vCORRECT✅✅- vThe
vpolicy vvalue vof vendowment vpolicies vis vthe vcash vvalue vplus vany vaccumulated
vdividends vless vany voutstanding vloans vdue vat vtime vof vsurrender.
- vThe vlife vcompany vneeds vto vmaintain va vseparate vaccount vfor vvariable vlife vpolicies
vdistinct vfrom vthe vgeneral vaccount.
WHICH vOF vTHE vFOLLOWING vSTATEMENTS vIS vFALSE v-
vCORRECT✅✅Misrepresentation vis va vspecific vform vof vtwisting
THE vFOLLOWING vSTATEMENTS vABOUT vVARIABLE vLIFE vPOLICIES vARE vTRUE
v- vCORRECT✅✅- vThe vmargin vbetween vthe vbid vand voffer vprice vis vused vto vcover
vthe vmanagement vcost vof vthe vpolicy
- vThe vpolicy vvalue vis vcalculated vbased von vthe vbid vprice vof vunits vallocated vinto vthe
vpolicy
THE vDISADVANTAGES vOF vINVESTING vIN vCOMMON vSHARES v-
vCORRECT✅✅- vInvestors vare vexposed vto vmarket vand vspecific vrisk
- vShares vcan vbecome vworthless vif vcompany vbecomes vinsolvent
THE vDIFFERENCES vBETWEEN vVARIABLE vLIFE vINSURANCE vPOLICIES vAND
vENDOWMENT vPOLICIES vARE vFALSE? v- vCORRECT✅✅- vThe vpolicy vvalues vof
vvariable vlife vand vendowment vpolicies vdirectly vaffect vthe vperformance vof vthe vfund
vof vthe vlife vinsurance vcompany
- vThe vbenefits vand vrisk vvariable vlife vand vendowment vpolicies vdirectly vaccrue vto vthe
vpolicy vholders
WHICH vOF vTHE vFOLLOWING vABOUT vTWISTING vIS vFALSE?
v- vCORRECT✅✅It vrefers vto van vagent voffering va vprospect va vspecial vinducement
vto vpurchase va vpolicy
Responces
FALSE vOF vFLEXIBILITY vFEATURES vOF vVARIABLE vLIFE vPOLICIES v-
vCORRECT✅✅Policy vholders vcan vtake vloans vagainst vtheir vvariable vlife vpolicies
vup vto vthe ventire vwithdrawal vvalue vof vtheir vpolicies.
THE vINVESTMENT vRETURNS vUNDER vVARIABLE vLIFE vINSURANCE vPOLICY v-
vCORRECT✅✅1. vAre vnot vguaranteed
2. vAre vlinked vto vthe vperformance vof vthe vinvestment vfund vmanagement vby vthe vlife
vcompany.
3.Flunctuate vaccording vto vthe vrise vand vfall vof vmarket vprices
WHICH vOF vTHE vFOLLOWING vSTATEMENTS vIS vTRUE? v- vCORRECT✅✅- vThe
vpolicy vvalue vof vendowment vpolicies vis vthe vcash vvalue vplus vany vaccumulated
vdividends vless vany voutstanding vloans vdue vat vtime vof vsurrender.
- vThe vlife vcompany vneeds vto vmaintain va vseparate vaccount vfor vvariable vlife vpolicies
vdistinct vfrom vthe vgeneral vaccount.
WHICH vOF vTHE vFOLLOWING vSTATEMENTS vIS vFALSE v-
vCORRECT✅✅Misrepresentation vis va vspecific vform vof vtwisting
THE vFOLLOWING vSTATEMENTS vABOUT vVARIABLE vLIFE vPOLICIES vARE vTRUE
v- vCORRECT✅✅- vThe vmargin vbetween vthe vbid vand voffer vprice vis vused vto vcover
vthe vmanagement vcost vof vthe vpolicy
- vThe vpolicy vvalue vis vcalculated vbased von vthe vbid vprice vof vunits vallocated vinto vthe
vpolicy
THE vDISADVANTAGES vOF vINVESTING vIN vCOMMON vSHARES v-
vCORRECT✅✅- vInvestors vare vexposed vto vmarket vand vspecific vrisk
- vShares vcan vbecome vworthless vif vcompany vbecomes vinsolvent
THE vDIFFERENCES vBETWEEN vVARIABLE vLIFE vINSURANCE vPOLICIES vAND
vENDOWMENT vPOLICIES vARE vFALSE? v- vCORRECT✅✅- vThe vpolicy vvalues vof
vvariable vlife vand vendowment vpolicies vdirectly vaffect vthe vperformance vof vthe vfund
vof vthe vlife vinsurance vcompany
- vThe vbenefits vand vrisk vvariable vlife vand vendowment vpolicies vdirectly vaccrue vto vthe
vpolicy vholders
WHICH vOF vTHE vFOLLOWING vABOUT vTWISTING vIS vFALSE?
v- vCORRECT✅✅It vrefers vto van vagent voffering va vprospect va vspecial vinducement
vto vpurchase va vpolicy
