Series 7: Exercise

Taken from our Series 7 Online Guide

Exercise

Match each term to its description.

A. Variable life insurance

B. Whole life insurance

C. Term life insurance

D. Universal life insurance

1. _____ Policy holder only receives life insurance for a specified period of time.

2. _____ Death benefit and cash value fluctuate depending on performance of separate accounts.

3. _____ Policy holder is guaranteed a minimum cash value and a death benefit.

4.

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