What is Option 1 in a universal life policy?
Option 1. Provides a level death benefit equal to the Basic Amount of life insurance you choose.
Which of the following is a characteristic of universal life insurance policy?
The Features of Universal Life Insurance\n\n Pays a death benefit. Earns cash value. Flexible benefits, payments and terms. Changing coverage for changing needs.
Are universal life insurance policy is best described as an?
A universal life insurance policy is best described as an? Universal life insurance is a type of permanent life insurance that includes an investment savings element. This type of insurance usually has low premiums.
What is universal life insurance quizlet?
Universal life insurance. an extremely flexible life insurance policy. A policy owner can increase premiums, reduce premiums or cancel premiums. Same to the death benefit. unbundled.
Which of the following best describes option 1 under a universal life policy? (a.) The death benefit is the policy face amount or policy cash value, but not both. b. The death benefit is the policy face amount and the cash value. c. The death benefit is only the face amount. d. The death benefit is only the cash value.
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