Question: All of the following entities regulate variable life policies EXCEPT
|The Guaranty Association.
|The Insurance Department
- Answer: The Guaranty Association
So this is the answer of All of the following entities regulate variable life policies except.
What is regulate variable life policies?
There are various policies that life insurers offer. Each insurance product has special features. The most common life policy is the whole-life plan. This sort of policy could aid consumers in saving money for their health and education needs, as well as planning for the long term future.
Life insurance plans provide coverage to protect loved ones from premature death and enable them to take care of financial obligations like loan repayment or estate settlement costs.
Variable universal life policies could be customized when it comes to benefits and premiums payment schedules which allows people to budget better. Conversely, this means that they need a high degree of expertise on financial matters because if one mismanages his finances, he could end up adversely affected by a bad investment decision or an illness or disability preventing.