Which of the following statements applies to universal life insurance?
A) A rate of interest higher than that paid on whole life is paid for the term of the policy.
B) Premiums generally may be increased or decreased at the policyowner's option.
C) It is similar to endowment insurance.
D) The policy involves a cash account and increasing term insurance coverage
Ans: B) Premiums generally may be increased or decreased at the policyowner's option.
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Refer to Table 4-1. Between January and February, the items that did not change in dollar value
included all of the following EXCEPT A) Janitorial. B) Payroll Taxes. C) Depreciation. D) Officer's Salary. E) Rent.
Which of the following characteristics does NOT describe the growth stage of the product life cycle?
A) Managers have to maintain product quality while building inventory and staff. B) The product may have the marketplace to itself. C) Managers need to worry about getting sufficient product into the distribution pipeline. D) Maintaining quality and expanding the sales effort are other concerns. E) Competitors are rushing to get their products to market.