Arkansas Life and Health Insurance Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

All of the following about Universal Life are true, except:

Adjustable death benefit

Universal Life Insurance offers a flexible premium payment schedule, allows withdrawals, and increases in face amount usually do not require proof of insurability if under a certain threshold, typically $100,000. However, the one statement that is not entirely accurate is an "Adjustable death benefit." Universal Life Insurance provides a fixed or level death benefit that remains the same throughout the policy unless the policyholder requests a change. The death benefit does not automatically adjust based on policy performance or other factors.

Get further explanation with Examzify DeepDiveBeta

Flexible premium

Increases in face amount do not require proof of insurability if under $100,000

Withdrawals are permitted

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy