MPI Indexed Universal Life Insurance Quiz

A type of retirement plan

A type of savings account

A type of investment in the stock market

A type of life insurance policy (correct)

The ability to invest in any underlying investment of your choice

The ability to avoid fees associated with traditional life insurance policies

The ability to withdraw your cash value at any time without penalty

The ability to borrow against your cash value (correct)

No potential for market losses

Potential for market losses and surrender charges if you withdraw your cash value early (correct)

Simple to understand

Low fees