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3. Get Selling: The IUL

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Introduction to Indexed Universal Life

1 Quiz
- Introduction to Indexed Universal Life Quiz
IUL Key Concepts

1 Quiz
- IUL Key Concepts Quiz
IUL Policy Overview

1 Quiz
- IUL Policy Overview Quiz
Accelerated Benefit Riders

1 Quiz
- Accelerated Benefit Riders Quiz
Living Benefit: Cash Value

1 Quiz
- Living Benefit: Cash Value Quiz
Indexing Strengths

1 Quiz
- Indexing Strengths Quiz
Properly Structuring The Policy

1 Quiz
- Properly Structuring The Policy Quiz
Underwriting For IUL Policies

1 Quiz
- Underwriting For IUL Policies Quiz
Best Usage

1 Quiz
- Best Usage Quiz
Design Strategy

1 Quiz
- Design Strategy Quiz
IUL Segment Strategies

1 Quiz
- IUL Segment Strategies Quiz

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Properly Structuring The Policy Quiz

3. Get Selling: The IUL Properly Structuring The Policy Properly Structuring The Policy Quiz

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Question 1 of 5

1. Question
All of the following are parties in the policy EXCEPT the: 
- Policy owner. 
- Policy owner’s accountant. 
- Insured. 
- Beneficiary. 
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Question 2 of 5

2. Question
Who receives the death benefit upon the insured’s death? 
- The owner.
- The insured. 
- The beneficiary. 
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Question 3 of 5

3. Question
The Goodman Triangle can create a situation where: 
- There are negative tax implications for the owner. 
- The death claim may not be paid because there are 3 insureds on the policy. 
- The beneficiary will not receive the death benefit if the insured passes. 
- The insured must be examined by 3 physicians before the policy will be issued. 
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Question 4 of 5

4. Question
Which of the following can cause a policy to collapse/lapse? 
- Making only minimum payments. 
- Skipping payments. 
- Taking too many policy loans or withdrawals. 
- All of the above.
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Question 5 of 5

5. Question
Choosing Option A (Level Death Benefit) can cause what problem in a retirement-focused policy? 
- The policy might lapse if too large of premiums are paid in the early years. 
- The beneficiary will be upset that the death benefit is too low. 
- The policy may be classified as a MEC if too large of premiums are paid in the early years. 
- The insured may have to pass additional underwriting. 
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