Question 1010 of 287 · Texas Life, Accident and Health Agent Exam
An interest-sensitive whole life policy typically
Exactly one answer is correct.
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Correct answer to question 1010
- B: credits interest to the cash value based on current rates, with a guaranteed minimum
Explanation
Interest-sensitive (current assumption) whole life uses current interest and mortality assumptions, but it guarantees a minimum. Unlike variable life, the insurer carries the investment risk.
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