Sandeep Parikh purchased a variable life (VL) Insurance policy from the Homerun Insurance Company. Assuming Mr. Parikh's policy is a typical VL policy, it is correct to say that
Sandeep Parikh purchased a variable life (VL) Insurance policy from the Homerun Insurance Company. Assuming Mr. Parikh's policy is a typical VL policy, it is correct to say that
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Sandeep Parikh purchased a variable life (VL) Insurance policy from the Homerun Insurance Company. Assuming Mr. Parikh's policy is a typical VL policy, it is correct to say that
A )the subaccount investments of Mr. Parikh's VL policy are part of Homerun's separate account rather than its general account
B) this policy provides a death benefit that remains constant throughout the life of the policy
C) this policy offers Mr. Parikh a guaranteed minimum cash value
D) Homerun alone assumes the investment risk for this policy
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