Question 5006 of 303 · California Life-Only Agent Exam
The cash value of a universal life policy grows based on
Exactly one answer is correct.
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Correct answer to question 5006
- D: current interest rates credited by the insurer, with a guaranteed minimum
Explanation
UL is interest sensitive. Variable UL uses separate accounts and indexed UL ties credits to an index with caps and floors.
More questions: Types of Life Policies
- 5007Which policy ties interest credits to an index such as the S&P 500, often with a floor and a cap?
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