Question 13009 of 303 · California Life-Only Agent Exam
A no-lapse guarantee in universal life
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 13009
- C: keeps coverage in force if minimum premiums are paid
Explanation
No-lapse guarantees protect against lapse due to low cash value.
More questions: Life Policy Riders
- 13010A disability income rider
- 13011Guaranteed minimum withdrawal benefit riders on annuities
- 13012Which rider would best meet the need of a parent who wants to ensure a child can buy more insurance later despite poor health?
- 13013Which rider would best protect against the policy lapsing if the insured is disabled?
- 13015Benefits paid under an accelerated death benefit rider reduce
- 13016A critical illness rider pays