_____ 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:

Wages And Salaries

Compensation paid to employees for their services, where wages are often hourly rates and salaries are fixed annual amounts.

Planning Budget

A financial plan for the future which outlines projected income and expenditures during a specific period.

Net Operating Income

The profit generated from a company's regular business operations, excluding deductions for interest and taxes.

Flexible Budget

A flexible budget that varies according to activity or volume changes.