_____ Can Be Both an Advantage and a Disadvantage of Universal

question 102

Multiple Choice

_____ can be both an advantage and a disadvantage of universal life insurance.

• A) Flexible premiums
• B) Tax features
• C) High returns
• D) Unbundling premiums
• E) Underwriting

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Definitions:

Client Confidentiality Rule

A principle that obligates lawyers, and certain other professionals, to keep information relating to their clients secret, unless the client gives consent to disclose such information.

Professional Relationship

A formal association between individuals or entities in a business or professional setting, characterized by mutual respect and often involving collaboration.

Legal Malpractice

A situation where a lawyer fails to provide the competent representation required, leading to harm or damage to a client.

Confidential Information

Sensitive information that is not public knowledge and is protected by law or agreement, requiring it to be kept secret.