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The premiums paid on which of the following are paid into the general account of an insurance company?
i. whole life
ii. universal life
iii. term life
IV. variable life
Suggested Answer: C
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Only the premiums paid on whole life, universal life and term life are paid into the general account of an insurance company. Variable life premiums go into the separate account.
14 comments · newest first
EL
Ellsworth
11 months ago
I thought all those went to separate accounts.
RI
Rickie
12 months ago
Wait, are you sure about term life?
TR
Tresa
12 months ago
Definitely not variable life!
UL
Ulysses
12 months ago
I think universal life does too, right?
HA
Han
1 year ago
Whole life premiums go to the general account.
CL
Clement
1 year ago
I thought all of them except variable life were in the general account, but I could be mixing up some details.
IZ
Izetta
1 year ago
I feel like variable life is different since it has investment components, so maybe it doesn't go into the general account?
CA
Cathrine
1 year ago
I remember practicing a question like this, and I think term life also contributes to the general account.
KR
Kristine
1 year ago
I think whole life definitely goes into the general account, but I'm not sure about universal life.
BU
Burma
1 year ago
This seems like a straightforward risk management question. I'm pretty confident I can identify the risk avoidance response.
GE
Gene
1 year ago
Okay, I've got this. The key here is to use the portfolio process assets that are most relevant to the current situation. Lessons learned from the previous plan and the existing risk categories are going to be the most useful in updating the plan effectively.
PA
Pamella
1 year ago
Hmm, this looks like a tricky one. I'll need to carefully analyze the version information to determine if the package can be updated or not.
LY
Lynna
1 year ago
I vaguely remember that "ge" and "le" deal with prefix lengths, but I'm torn between A and D. I'll need to think this through!
MA
Margurite
1 year ago
Okay, I've got a strategy here. The key is to focus on what the Interagency Statement says a bank teller can and cannot do. I'll eliminate the options that don't align with that.