When Comparing Universal Life Policies with Whole Life Policies,which of the Following

question 151

Multiple Choice

When comparing Universal Life policies with Whole Life policies,which of the following is typically an advantage of a Universal Life policy?

• A)Cash value accumulates
• B)You can access cash value only through a policy loan
• C)The policy will lapse if a specific premium is not paid each year
• D)You have control over your outlay
• E)Generally, your premium is a fixed amount

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