Variable Life: Rapid Fire
Chapters in this video
What this video covers
- How separate accounts work, and why the policyowner bears investment risk
- Why a death-benefit guarantee does not guarantee cash value
- How scheduled premiums in traditional variable life differ from flexible premiums and adjustable benefits in variable universal life
- How poor performance, low funding, withdrawals, loans, interest, and charges can increase lapse risk
- What prospectuses and illustrations disclose, and why neither promises future results
- How a 5% decline and a $200 deduction leave $9,300 from a $10,000 target, and why a $700 deposit restores that target only if fully credited
- How to compare policy charges and investment expenses on the same basis
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Life and Health course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.