In a Universal Life Policy the Cash Value of the Contract

question 44

True/False

In a universal life policy the cash value of the contract grows at a fixed rate set by the life insurer.

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Definitions:

Multiple Forgeries

Acts of fraudulently making or altering multiple written documents or signatures to deceive others.

Negligence

A failure to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

ATM Card

An ATM card is a plastic card issued by a bank or financial institution, enabling the cardholder to deposit, withdraw, or transfer funds through an Automated Teller Machine.

Notify

To inform or give notice to someone about specific information or an event.