LLQP Practice Questions - Life Licence Qualification Program (LLQP) Exam

In a participating whole life policy, policyholder dividends are best described as:

A guaranteed annual interest payment set in the contract A return of surplus that is not guaranteed and depends on the insurer's experience A taxable bonus the insurer must pay each year The cash surrender value paid on cancellation

Correct Answer:

A return of surplus that is not guaranteed and depends on the insurer's experience

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