HS 323 Practice Questions - HS 323 The Tools And Techniques Of Life Insurance Planning Exam

In an indexed universal life (IUL) policy, the 'cap rate' refers to:

The maximum interest crediting rate the insurer will apply even if the linked index returns more The minimum guaranteed rate credited each year The percentage of premium allocated to expenses The maximum policy loan interest rate

Correct Answer:

The maximum interest crediting rate the insurer will apply even if the linked index returns more

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