Which of the following statements about the option to top-up under variable life insurance products is TRUE? A) I, II and IV B) I, III and IV C) II, III and IV D) I, II and III
Understand the Problem
The question is asking which statements about the top-up option in variable life insurance products are true. This requires knowledge of life insurance policies and the specific attributes of variable life insurance.
Answer
II, III and IV.
The correct answer is II, III and IV.
Answer for screen readers
The correct answer is II, III and IV.
More Information
The statements under options II, III, and IV relate to variable life insurance products' top-up benefits, which allow policyholders to adjust their policies' premium payments and investment components.
Tips
A common mistake is misunderstanding the flexibility and design features of variable life insurance policies regarding top-up options.
Sources
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