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Exam Code: CIMAPRA19-F03-1
Exam Name: F3 Financial Strategy
Vendor: CIMA

60 Questions & Answers
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NEW QUESTION: 1
Which of the following statements regarding variable life insurance policies is false?
A. The surrender value of a variable life insurance policy will always be less than its cash value.
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insurance company can increase administrative charges.
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: A
Explanation:
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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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