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MISSOURI LIFE AND HEALTH INSURANCE
MISSOURI LIFE AND HEALTH 
INSURANCE 
The basic characteristics of a variable life policy are - ANS-Fix premiums, a guaranteed 
minimum death benefit which fluctuates over the minimum, and cash values which 
fluctuate and are not guaranteed. 
Variable universal life - ANS-Is a type of life insurance that build cash value. It combines 
all the characteristics of a universal life and variable life policy the variable component in 
the name refers to the ability to invest in separate accounts w...
- Exam (elaborations)
- • 6 pages •
MISSOURI LIFE AND HEALTH 
INSURANCE 
The basic characteristics of a variable life policy are - ANS-Fix premiums, a guaranteed 
minimum death benefit which fluctuates over the minimum, and cash values which 
fluctuate and are not guaranteed. 
Variable universal life - ANS-Is a type of life insurance that build cash value. It combines 
all the characteristics of a universal life and variable life policy the variable component in 
the name refers to the ability to invest in separate accounts w...
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