Which of the Following Statements About Universal Life Insurance Is

question 28

Multiple Choice

Which of the following statements about universal life insurance is (are) true?
I.The current 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:

Tubular

Describes something that is long, hollow, and cylindrical, often used in reference to certain structures or shapes in biology and manufacturing.

Compact Bone

The dense, hard outer layer of bone that gives it strength and houses osteocytes in a rigid framework.

Medullary Cavity

The central cavity within the shaft of long bones where bone marrow is stored.

Compact Bone

The dense, hard outer layer of bone that provides strength and protection to the skeleton.