Which of the Following Statements About Universal Life Insurance Is

question 22

Multiple Choice

Which of the following statements about universal life insurance is (are) true?
I.The interest rate credited to the cash value at the time the policy is issued remains fixed for the life of the policy.
II.A monthly deduction is made from the policy's cash value for the cost of insurance protection.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Illness And Death

Concepts relating to the state of being sick and the cessation of all biological functions that sustain a living organism.

Lifestyle

The aggregate choices, behaviors, and habits of an individual or group, including living conditions, consumption, entertainment, and social practices.

Human Life Span

The maximum duration of life that human beings are known to live under optimal conditions.

Life Expectancy

The average number of years an individual is expected to live based on demographic factors, such as age, gender, and health conditions.