Question

What are some areas of concern regarding traditional life insurance products?

a.

High yield and transparency in calculation

b.

Transparency in determining rate of return

c.

Transparency in determining surrender values

d.

Cash value component, rate of return, surrender value, and yield

Answer: (d).Cash value component, rate of return, surrender value, and yield Explanation:Traditional life insurance products have concerns related to their cash value component, rate of return, surrender value, and yield compared to other investments.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What are some areas of concern regarding traditional life insurance products?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What are some features of non-traditional life insurance policies?

Q. Which feature allows customers to have more control over their non-traditional life insurance policies?

Q. Why were policies with direct linkage to the capital market designed?

Q. What is one of the advantages of non-traditional policies?

Q. Which among the following is a non-traditional life insurance product?

Q. What are the key features of Universal Life policies?

Q. Which of the following is an example of a non-traditional life insurance product?

Q. What is the distinguishing feature of Variable Life insurance?

Q. Why were Universal Life and Variable Life policies discontinued in India?What makes Universal Life and Variable Life insurance policies non-traditional?

Q. Why were Universal Life and Variable Life policies discontinued in India?

Q. What are Unit Linked Plans (ULIPs)?

Q. How are the premiums paid by policyholders in Unit Linked Insurance divided?

Q. What determines the benefits under Unit Linked Insurance contracts?

Q. How do Unit Linked contracts differ from traditional savings policies?

Q. How have Unit Linked policies been positioned in many markets?

Q. How is the value of units typically defined in Unit Linked Insurance?

Q. What does the Net Asset Value (NAV) formula represent in Unit Linked Insurance?

Q. How do Unit Linked policies differ from traditional insurance policies in terms of policyholder benefits?

Q. In Unit Linked Insurance, what can policyholders choose between?

Q. Which fund primarily invests in equity and equity-related instruments?

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!