Universal Life Provides an Interest Return on the Savings Component

question 50

True/False

Universal life provides an interest return on the savings component that is periodically revised.

---

Definitions:

Ethical

Pertaining to morals, principles of right and wrong, and the conduct that is considered correct.

Short-term Investment

Investments that are made with the intention of converting them into cash within a short period, typically within a year.

Takeover Bid

An offer made by an entity to acquire a controlling interest in another company.

Available-for-sale Securities

Financial assets not classified as held-to-maturity or trading securities, which can be sold in response to needs for liquidity or changes in interest rates, among other reasons.