The Insurance Portion of a Universal Life Policy Is Most

question 119

Multiple Choice

The insurance portion of a universal life policy is most analogous to

• A)mortgage insurance.
• B)group insurance.
• C)whole life insurance.
• D)term insurance.
• E)variable insurance.

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Definitions:

Self-Interest

Self-Interest is a person's own personal gain or advantage in making decisions or performing actions, often considered as the driving force behind economic activities.

Confess

To admit or acknowledge something reluctantly, often about a wrongdoing or mistake.

Optimization Strategy

A plan or method aimed at making the best or most effective use of resources within defined constraints to achieve a set goal.

Growth Related Profit

Profit that results from expansion in business size, output, or market share, indicative of a company’s growth.