FINRA Series 6

Category - Series 6

The premiums paid on which of the following are paid into the general account of an insurance company?

I. whole life
II. universal life
III. term life
IV. variable life
  1. I only
  2. I and III only
  3. I, II, and III only
  4. I, II, III, and IV
Explanation
Answer: C - Only the premiums paid on whole life, universal life and term life are paid into the general account of an insurance company. Variable life premiums go into the separate account.
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