FINRA SIE Question Answer
The cash value of a variable life insurance policy is affected by which of the following factors?
Changes in the beneficiary
Changes in the death benefit
Fluctuating market conditions
Contingent deferred sales charges
Step by Step Explanation:
Variable Life Insurance: The cash value depends on the performance of the underlying investment options.
Fluctuating Market Conditions: Since the cash value is linked to market performance, fluctuations directly impact its value.
Beneficiary/Death Benefit Changes: These do not directly impact the cash value unless they involve additional costs or changes to premiums.
SEC Bulletin on Variable Life Insurance: SEC Variable Insurance.
TESTED 21 May 2026
Copyright © 2014-2026 ACE4Sure. All Rights Reserved