1.
All of the following are characteristics of variable life insurance EXCEPT:

2.
Which of the below is correct with regards to universal life insurance?
I: It allows policy owner to vary payments.
II: Policy owner can earn market based rate of return on cash value

3.
All of the following is true regarding ULIP’s EXCEPT:

4.
What does unbundling of life insurance products refers to?

5.
Which of the below risk cannot be addressed through pensions?