19. A life insurance policy beneficiarys life expectancy has a direct bearing upon:

The policy value that will be includable in the insureds estate

The taxable portion of each benefit payment under a life income settlement option

The total amount payable under the policy as a result of the insured's death

The premium rate for each $1,000 of face amount

9. When life insurance is provided by an executive bonus plan, the employer:

Is the owner of the policy

Maintains the policy in a qualified plan

Is the beneficiary of the policy

Provides the funds to pay the premium

24.One possible advantage offered by a single premium whole life insurance policy, as compared to a continuous premium whole life insurance policy is that:

The premium is payable through automatic monthly check drafts.

The premium remains constant year after year.

The policy normally matures during the insureds lifetime

The policy has cash value immediately when coverage takes effect

23. According to the level premium concept in life insurance:

The premium amount increases at a level rate throughout the policy period.

The policyowner pays the same premium amount throughout the policy period.

The premium amount decreases at a level rate throughout the policy period.

The policyowner's level of protection increases with each premium payment.

28. What is affected by the index feature of equity indexed life insurance policies?

The cash value

The dividend

The face amount

The premium refund

14.Who receives the refund payable under a refund life annuity?

The annuitant

The owner

The beneficiary

The nominator

32.A juvenile life insurance policy is:

Designed to insure the lives of a juveniles parents

Available only for children who are less than five years old

A life insurance policy that insures the life of a minor

Available only as decreasing term insurance for a minor