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NEW QUESTION: 1
Which of the following statements regarding variable life insurance policies is false?
A. Most policies have an expense guarantee provision that establishes a firm limit on how much the
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C. Insurance companies are required to give variable life policyholders at least 24 months from the date of
purchase to switch to a traditional whole life policy without having to prove insurability.
D. Policyholders have voting rights similar to those of mutual fund investors.
Answer: B
Explanation:
The false statement regarding variable life insurance policies is that the surrender value of a
variable life insurance policy will always be less than its cash value. The surrender value of a variable life
insurance policy is its cash value.
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You are the accounts receivable manager at Contoso. Ltd.
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B. Item discount groups
C. Price tolerance groups
D. Customer groups for commission
E. Sales groups
Answer: A,B,E
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