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