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Finra Series-6 Exam - Topic 3 Question 13 Discussion

The premiums paid on which of the following are paid into the general account of an insurance company?i. whole lifeii. universal lifeiii. term lifeIV. variable life
C) I, II, and III only
A) I only
B) I and III only
D) I, II, III, and IV

Finra Series-6 Exam - Topic 3 Question 13 Discussion

Actual exam question for Finra's Series-6 exam
Question #: 13
Topic #: 3
[All Series-6 Questions]

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

Show Suggested Answer Hide Answer
Suggested Answer: C

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.


by Virgina at May 04, 2022, 06:06 AM

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Ellsworth
9 months ago
I thought all those went to separate accounts.
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Rickie
10 months ago
Wait, are you sure about term life?
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Tresa
10 months ago
Definitely not variable life!
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Ulysses
10 months ago
I think universal life does too, right?
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Han
10 months ago
Whole life premiums go to the general account.
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Clement
10 months ago
I thought all of them except variable life were in the general account, but I could be mixing up some details.
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Izetta
11 months ago
I feel like variable life is different since it has investment components, so maybe it doesn't go into the general account?
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Cathrine
11 months ago
I remember practicing a question like this, and I think term life also contributes to the general account.
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Kristine
11 months ago
I think whole life definitely goes into the general account, but I'm not sure about universal life.
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Burma
11 months ago
This seems like a straightforward risk management question. I'm pretty confident I can identify the risk avoidance response.
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Gene
11 months 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.
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Pamella
11 months 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.
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Lynna
11 months 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!
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Margurite
11 months 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.
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