Your friend William owns an indexed life insurance policy with a segment term of five years. He
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Question:
Your friend William owns an indexed life insurance policy with a segment term of five years. He asks you on what date the change in the index is calculated and when crediting occurs. You answer that although insurance company practices differ, it would typically occur _____________________________.
1. at the end of the five-year period.
2. on the anniversary of the date the segment was created.
3. on the policy's anniversary date.
4. at the end of the first calendar year following creation of the segment.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: