INDIANA LIFE INSURANCE EXAM QUESTIONS & ANSWERS CORRECTLY ANSWERED.

INDIANA LIFE INSURANCE EXAM QUESTIONS & ANSWERS CORRECTLY ANSWERED.
Question : Which of the following is NOT a characteristic
of a Variable Annuity?
A. Premium Payments may be level or flexible or single
premium
B. The cash values are invested in securities.
C. The non-forfeiture values will provide for the return of
the cash value should the annuitant die during the
accumulation period.
D. It provides for a tax-free death benefit.
Correct answer: D. It provides for a tax-free death benefit.
Question : All of the following policies provide for the
tax deferred accumulation of cash value EXCEPT:
A. Interest Sensitive Whole Life
B. Single Premium Variable Annuity
C. Variable Universal Life

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