If you are going to sit for the Series 6 exam, make sure that you are familiar with various contract provisions of a typical variable universal life (VUL) policy. You may want to take the time and list some of the provisions from a prospectus of a VUL offering.
For example, what happens in the event of suicide? How about misstatement of age or gender? Can the insurer reduce the death benefit for an insured who reaches an advanced age?
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