Question 5007 of 303 · California Life-Only Agent Exam
Which policy ties interest credits to an index such as the S&P 500, often with a floor and a cap?
Exactly one answer is correct.
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Correct answer to question 5007
- A: Indexed universal life
Explanation
IUL credits are linked to an index but the owner is not directly invested in the market. Caps limit upside and floors limit downside.
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