Question 5034 of 303 · California Life-Only Agent Exam
Which statement is true of non-participating policies?
Exactly one answer is correct.
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Correct answer to question 5034
- D: They do not pay dividends
Explanation
Stock insurers typically issue non-participating policies. Mutual insurers more often issue participating policies.
More questions: Types of Life Policies
- 5001A guaranteed death benefit, a level premium, and cash value that accumulates describe
- 5002Which policy provides protection for a stated period and generally has no cash value?
- 5003A participating life policy is one that
- 5004Are policy dividends on a participating policy guaranteed?
- 5005Universal life insurance differs from whole life insurance because universal life
- 5006The cash value of a universal life policy grows based on