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SOFE Exam AFE Topic 1 Question 57 Discussion

Actual exam question for SOFE's AFE exam
Question #: 57
Topic #: 1
[All AFE Questions]

What features a reserve that accumulates at company declared credited interest rates, which are periodically reset?

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Suggested Answer: D

by Luisa at Apr 21, 2023, 12:35 PM

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Soledad
3 months ago
Universal life insurance, the Swiss Army knife of life insurance policies. Does it also come with a built-in espresso machine? Asking for a friend.
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Dannie
1 months ago
It's like a savings account and life insurance policy in one.
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Kenny
1 months ago
But it does have a reserve that accumulates at credited interest rates.
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Darrin
2 months ago
Haha, no espresso machine included with universal life insurance!
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Doug
2 months ago
D) Universal life insurance
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Hyman
2 months ago
C) Premium life insurance
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Mammie
2 months ago
B) Periodic life insurance
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Rolf
2 months ago
A) Credited life insurance
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Yun
3 months ago
Universal life insurance, huh? Sounds like a game of financial Tetris, trying to keep up with all those rate resets. Where's the 'Cheat Code' option when you need it?
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Quentin
23 days ago
Yeah, it's definitely a unique feature of universal life insurance.
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Gladys
25 days ago
I think it's important to stay on top of those resets to make sure you're getting the most out of your policy.
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Malcom
26 days ago
I agree, it can be tricky to keep up with everything.
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Helaine
27 days ago
I know, it can feel like a game sometimes with all those rate resets.
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Virgilio
29 days ago
Credited life insurance is a good option too, it offers a reserve that accumulates at credited interest rates.
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Cory
1 months ago
I like the flexibility of universal life insurance, it gives me more control over my policy.
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Bok
1 months ago
I prefer the stability of premium life insurance, no need to worry about rate resets.
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Ronald
2 months ago
I know, it can feel like a puzzle sometimes trying to keep up with all those rate resets.
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Margart
3 months ago
Universal life insurance, no doubt. The other options just don't have that sweet, sweet reserve that keeps building up with the company's magical interest rates.
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Skye
3 months ago
Ah, the good old universal life insurance. That's the one with the flexibility and the interest-bearing reserve, right? Gotta love those periodic rate resets!
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Rikki
3 months ago
Hmm, Universal life insurance seems like the obvious choice here. The accumulating reserve with the company-declared rates is a dead giveaway.
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Isabella
3 months ago
Universal life insurance, of course! That reserve with the periodically reset credited interest rates is the key feature that sets it apart from the other options.
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German
2 months ago
Yes, that's right. It's a unique feature that makes universal life insurance stand out.
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Galen
2 months ago
Universal life insurance is the answer. It has that reserve with the credited interest rates.
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Carmelina
3 months ago
I'm not sure, but C) Premium life insurance also sounds like it could be the answer.
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Maryann
3 months ago
I agree with Yoko, Universal life insurance makes sense for that feature.
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Yoko
4 months ago
I think the answer is D) Universal life insurance.
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