1. 115,000, 180,000, 200,000, 35,000, 85,000

2. in addition to OR but would forfeit

3. 115,000, 180,000, 200,000, 35,000, 85,000

4. 60,000, 200,000, 35,000, 85,000 or 180,000

5. convertibility provision, renewability provision OR nonforfeiture right

6. Understanding whole life insurance Aa Aa E Suppose you are a life insurance broker with a client who is interested in buying a whole life insurance policy. You explain to him the three major types of whole life insurance: continuous premium, also known as straight life limited payment, and single premium. Your client is a 33-year-old man and a father of four who is looking for the policy that provides the most permanent death protection for a given number of premium dollars. Based on this information alone, you recommend that he purchase a continuous premium whole life policy. Your client takes your advice but wants to understand more about the different features of his policy: specifically the relationship between the premiums he pays, the cash value of his plan, and the death benefits his beneficiaries would receive in the event of his passing. To help illustrate, you show him the following graph: THOUSANDS OF DOLLARS 200 Death Protection Cash Value 30 40 50 60 70 80 90 100 AGE OF INSURED The graph projects the cash value and death protection for a $200,000 whole life policy. If the client were to die at age 70, his beneficiaries would receive roughly $115,000 in death protection the cash value. If instead, at age 60, the client were to cancel or borrow against the policy, he would be able to withdraw up to because of the associated with whole life insurance. True or False: The actual cash value of the plan is subject to change based on annual market rates of return. True False 6. Understanding whole life insurance Aa Aa E Suppose you are a life insurance broker with a client who is interested in buying a whole life insurance policy. You explain to him the three major types of whole life insurance: continuous premium, also known as straight life limited payment, and single premium. Your client is a 33-year-old man and a father of four who is looking for the policy that provides the most permanent death protection for a given number of premium dollars. Based on this information alone, you recommend that he purchase a continuous premium whole life policy. Your client takes your advice but wants to understand more about the different features of his policy: specifically the relationship between the premiums he pays, the cash value of his plan, and the death benefits his beneficiaries would receive in the event of his passing. To help illustrate, you show him the following graph: THOUSANDS OF DOLLARS 200 Death Protection Cash Value 30 40 50 60 70 80 90 100 AGE OF INSURED The graph projects the cash value and death protection for a $200,000 whole life policy. If the client were to die at age 70, his beneficiaries would receive roughly $115,000 in death protection the cash value. If instead, at age 60, the client were to cancel or borrow against the policy, he would be able to withdraw up to because of the associated with whole life insurance. True or False: The actual cash value of the plan is subject to change based on annual market rates of return. True False