A Domestic Insurer Issuing Variable Contracts? Simple Answer

A Domestic Insurer Issuing Variable Contracts? A domestic insurer issuing variable contracts is a company that is licensed to do business in a particular state and offers products such as life insurance, annuities, and health insurance to consumers in that state.

What type of premium do both universal life and variable universal life policies have quizlet? Variable universal life policies typically have a higher premium than universal life policies.

What are two types of universal life insurance? There are two types of universal life insurance: interest-sensitive and non-interest-sensitive. With interest-sensitive universal life insurance, the death benefit payout is based on the amount of money that is invested in the policy and the investment’s performance. With non-interest-sensitive universal life insurance, the payout is based on the face value of the policy no matter how much or how little has been invested.

What is a universal insurance policy? A universal insurance policy is a type of insurance policy that covers a wide range of risks. It is typically more expensive than other types of insurance policies, but it provides coverage for a wider range of risks.


Frequently Asked Questions

What Are Two Components Of A Universal Policy?

There are many components to a universal policy, but two of the most important are that it is universal and comprehensive. A universal policy is one that is available to everyone, regardless of their age, sex, occupation, or any other factor. A comprehensive policy includes all areas of life that might be relevant to someone’s health and well-being. For example, a comprehensive policy might cover both medical and dental care, as well as prescription drugs.

What Are The Two Components Of A Universal Policy Quizlet?

The two components of a universal policy quizlet are the general policy and the specific policy. The general policy is the overarching principle that guides all the specific policies, while the specific policies are the individual rules and regulations that make up the overall policy.

What Are The 2 Most Common Types Of Life Insurance?

The two most common types of life insurance are term and whole life. Term life insurance is a policy that provides coverage for a certain period of time, while whole life insurance is a policy that provides coverage for the entire lifetime of the insured.

How Does A Universal Life Policy Work?

A universal life policy usually works like a term life policy, with the exception that the premiums can be changed to maintain the policy’s death benefit and cash value. Premiums for a universal life policy are usually higher than for a term life policy, but the policyholder can stop paying premiums after a certain period of time and allow the policy to lapse. The death benefit and cash value will then be reduced accordingly.

What Type Of Life Insurance Covers 2?

Term life insurance will cover two people. If one of the two individuals covered by the policy dies, the policy pays out to the beneficiary designated by the policyholder.

What Are The Elements Of Universal Life Insurance?

There are four primary elements to universal life insurance: death benefit, cash value, premiums, and riders. The death benefit is the amount of money paid to the beneficiary upon the death of the insured. The cash value is the savings account associated with the policy; it grows over time and can be used to pay premiums or Access cash values through policy loans. Premiums are the amount of money paid by the policyholder to maintain the coverage. Riders are optional provisions that can be added to a policy to provide additional coverage or benefits.

What Type Of Premium Do Both Universal Life And Variable Life Universal Life Policies Have?

Both types of policies have a level premium, which means the premium stays the same for the life of the policy.

Which Of The Following Policies Would Be Classified As A Traditional Level Premium Contract?

A traditional level premium contract is a policy where the premium remains the same each year.

What Are The 3 Main Types Of Life Insurance?

1. Term life insurance is the most basic and simple type of life insurance. It pays a death benefit only if the policyholder dies during the policy’s term. 2. Permanent life insurance, such as whole life and universal life, builds cash value over time. The cash value can be borrowed against or cashed out in case of an emergency. 3. Variable life insurance allows you to invest your premiums in different types of investments, such as stocks, bonds, and mutual funds.

What Is The Most Common Type Of Life Insurance?

Term life insurance is the most common type of life insurance. It is a policy that provides coverage for a specific period of time, or term. If the insured dies during the term of the policy, the beneficiary receives a death benefit.


A domestic insurer issuing variable contracts would likely be subject to state insurance regulation. Variable contracts typically involve the investment of insurance premiums in securities, so regulators may be interested in the company’s selection of particular investments and its overall investment strategy.

A Domestic Insurer Issuing Variable Contracts? Simple Answer

Leave a Reply

Your email address will not be published.

Scroll to top