Virginia-Life-Annuities-and-Health-Insurance Insurance Licensing Virginia Life, Annuities, and Health Insurance Examination Series 11-01 exact Exam Questions

Virginia Life, Annuities, and Health Insurance Examination Series 11-01

Last Update 3 hours ago Total Questions : 150

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Question # 131

All of the following statements about universal life insurance are true EXCEPT:

A mortality charge is subtracted from the cash value accumulations each month.

Policy loans are prohibited.

The policy specifies the percentage of each premium that will be used for company expenses.

Withdrawals of the cash value are allowed and may be subject to a surrender charge.