Register
______________ is a form of whole life in which the insurance company can change the premiums or interest rate being credited to the account based on current money market rates.
88.9k views
2 votes
______________ is a form of whole life in which the insurance company can change the premiums or interest rate being credited to the account based on current money market rates.

User Mark Lawrence
by
3.9k points

1 Answer

7 votes

Answer:

The correct answer is: Universal Life Insurance.

Step-by-step explanation:

Universal Life Insurance is permanent life insurance that offers a savings element. Universal life policyholders have the option to pay premiums above the minimum required to cover their life insurance. The additional premium amount is invested in gross tax-deferred, providing cash value for future use. As well, that amount is kept by the insurance company at a percentage rate in benefit to the policyholder but the company can change that rate according to current market values.

User Travis Liew
by
3.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that
Link Copied!