Question

What characterizes Universal Life Insurance?

a.

Fixed premiums and face amounts

b.

Unbundling of pricing factors

c.

Fixed death benefit amounts

d.

Inflexible premiums

Answer: (b).Unbundling of pricing factors Explanation:Universal Life Insurance is characterized by its flexible premiums, flexible face amount, death benefit amounts, and the unbundling of pricing factors.

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Q. What characterizes Universal Life Insurance?

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