Series 6 - Investment Company And Variable Contracts Products Representative Exam
Preview Mode
Which of the following statements about variable life insurance suitability is not true?
There must be a need for life insurance
A
The applicant must understand the variable death benefit feature
B
The applicant must be comfortable with the separate account and the fact that the cash value is not guaranteed
C
Agents are not required to deliver a prospectus to applicants
D
Explanations
A prospectus for variable life insurance must be delivered prior to, or at the time of, solicitation.