Team Af Quiz - Review

The Allstate Whole Life Advantage policy would best fit the client's needs because it offers level premiums that will not increase over time. Additionally, it guarantees a death benefit that will not decrease and has the potential to increase. The policy also provides increasing cash value that is safe and secure for the future, regardless of market conditions.

While viewing the current policy in the "Service This Customer" area, you can find the underwriting class that the policy was "issued as" by selecting "View Customer Information".

When using the "Product Info" drop down under "Products" in the TrueTerm (LBL company view), you can indeed use the "Quick Links" to jump to information on the Face Amount, Riders, Conversion Privileges, and Issue Ages. This means that the statement is true.

The "Guaranteed Insurability Rider" is available on all the mentioned policies except for the TrueTerm policy.

When a child on the "Child Term Rider" reaches age 25, they have the option to convert their coverage to a permanent policy. This means that they can have their own policy without needing to provide proof of insurability. The permanent policy they can convert to may also include a term rider, which provides additional coverage for a specified period of time. Therefore, the correct answer is "Permanent policy (could have a term rider)".

AWLA is the policy that has guaranteed premiums and guaranteed cash values. This means that the premiums paid for the policy will remain the same throughout the life of the policy, and the policyholder will also have a guaranteed cash value that they can access if needed. The other policies listed may have different premium structures or may not offer guaranteed cash values.

The statement is true. UL policies, which stands for universal life policies, have flexible premiums and flexible death benefits. This means that the policyholder can adjust the amount of premium they pay and the death benefit amount throughout the life of the policy. On the other hand, whole life policies have guaranteed premiums and guaranteed death benefits. This means that the premium amount and death benefit amount remain fixed for the entire duration of the policy.

The Extended Coverage Option under the "Coverage Guarantee Rider" on the TotalAccumulator offers a guaranteed death benefit for a minimum of 20 years or until the insured reaches age 70, whichever is longer. This means that if the insured passes away within the specified time frame, the policy will pay out a death benefit. Therefore, the statement is true.

The "Liquidity Rider" is available on the L:egacy Secure policy.

The statement "Can not write juveniles (under 18)" is false regarding the Ultra Index policy. This means that the policy does allow writing insurance for individuals who are under 18 years old.