Question

Variable life insurance policies delivered in this state must comply with the following requirements:

a) Allowing insurers to change investment policies without notice.
b) Establishing a fixed premium for the entire policy term.
c) Providing flexibility in premium payments.
d) Offering a guaranteed minimum death benefit.

Answer 1

Variable life insurance policies delivered in this state must comply with specific requirements, such as allowing insurers to change investment policies, establishing a fixed premium, providing flexibility in premium payments, and offering a guaranteed minimum death benefit.

Step-by-step explanation:

Variable life insurance policies delivered in this state must comply with the following requirements:

1. Allowing insurers to change investment policies without notice.
2. Establishing a fixed premium for the entire policy term.
3. Providing flexibility in premium payments.
4. Offering a guaranteed minimum death benefit.

These requirements ensure that the policyholders have certain benefits and options when it comes to their variable life insurance policies.