show me the money
Vantage products have the ability to skip payments, a function of this
What is premium flexibility?
Universal Life policies are this-sensitive
What is interest?
This permanent growth policy type is invested in the market
What is a Variable Universal Life or VUL policy?
This is the maximum duration of both Short-Term and Limited guarantees
What is 5-years?
This is the other disbursement option on a VUL; the first is a loan.
What is a fund withdrawal?
This fee decreases every year until it falls off completely, sometime between policy years 14 and 20
What is the surrender charge?
Different from a Living Needs Benefit, this rider allows policyowners to advance their death benefit, for an additional cost
What is the Benefit Access Rider, or BAR?
The interest rate on a fixed account is located here
What is the Investments tab of SP?
or, What is the annual statement?
VUL statements generate at this frequency
What is quarterly?
This is a specific feature of all Protector policies
What is a customizable No Lapse Guarantee?
This is deducted from the contract fund each monthiversary
What is the cost of insurance or monthly charges?
DAILY DOUBLE
These are the two death benefit types available on UL and VUL Protector policies
What are level and variable?
This symbol on a sales illustration indicates an active NLG during that policy year
What is a < or arrow or less than sign?
A type of On Demand statement, it covers the time between the last annual statement and the last close of market
What is a Mid-Year statement?
Lowering a policy's amount of insurance is referred to as this type of change
What is a Face Amount Decrease?
When a policy's contract fund exceeds the amount allowed by the IRS, it is said to enter this, resulting in an increased face amount
What is corridor?
DAILY DOUBLE
The NLG is the only guarantee type that is not suspended or negated by this
What is a loan?