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All of the following are characteristics of variable life insurance EXCEPT:
- AFlexible premium payments
- BCash value is not guaranteed
- CPolicy owner selects where savings reserve is invested
- DMinimum Death benefit is guaranteed
Correct answer: A
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Flexible premium payments
All of the following are characteristics of variable life insurance except flexible premium payments. A flexible premium annuity allows the 'annuitant', or the owner of the annuity, to make premium payments over a number of years. You would have to pay a small amount to start the annuity, but you make contributions over a number of months or years.
All of the following are characteristics of variable life insurance except flexible premium payments. A flexible premium annuity allows the 'annuitant', or the owner of the annuity, to make premium payments over a number of years. You would have to pay a small amount to start the annuity, but you make contributions over a number of months or years.