Voting rights for variable life insurance are allocated as one vote per what amount of cash value?

• A. One vote per $100 of cash value
• B. One vote per $1,000 of cash value
• C. One vote per $10 of cash value
• D. One vote per dollar of face amount

Answer: (A)

Voting rights in variable life policies are assigned based on the policy’s cash value, not the face amount. The standard is one vote for every $100 of cash value. This ties the owner’s influence to the policy’s accumulated value rather than the death benefit.

For example, a cash value of $12,400 would entitle the owner to 124 votes. Choices that allocate votes per $1,000 or per $10 would misstate the weighting, and tying votes to the face amount would ignore the actual value the owner has in the policy.