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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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Quiz 5 of 11

Living Benefit: Cash Value Quiz

3. Get Selling: The IUL Living Benefit: Cash Value Living Benefit: Cash Value Quiz

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Question 1 of 4

1. Question
Cash value accumulation only occurs in a policy when:
- Premiums are paid by the due date each month. 
- The client chooses a term life policy. 
- Premium payments have been made for 5 years. 
- Premiums paid are in excess of the cost of insurance. 
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Question 2 of 4

2. Question
Which of the following is true of cash value accumulation in an IUL policy? 
- There is a required minimum distribution at age 72. 
- Cash value accumulates tax-free inside the indexed account. 
- You cannot access IUL policy cash value prior to age 59 ½. 
- You must declare and pay taxes on the cash value accumulation annually. 
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Question 3 of 4

3. Question
What is the best way to build cash value in an IUL policy? 
- Make large premium payments early in the policy life. 
- Take out the IUL policy when the client is young and the cost of insurance is lower. 
- Avoid taking out policy loans and withdrawing funds. 
- All of the above. 
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Question 4 of 4

4. Question
When are you required to pay taxes on IUL policy loans? 
- As long as the policy remains active, you do not have to pay taxes on policy loans. 
- As soon as the funds are deposited in your checking account. 
- When the insured passes away. 
- You only have to pay taxes if you buy a new car. 
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