Which of the following statements regarding universal life is INCORRECT?
A) UL premiums are fixed, however the policyowner may increase or decrease the death benefit.
B) Withdrawals and policy loans are taken from the cash value account.
C) UL premiums are flexible and the policyowner may increase or decrease the death benefit.
D) Death benefits are flexible, subject to insurability requirements."
Ans: A) UL premiums are fixed, however the policyowner may increase or decrease the death benefit.
You might also like to view...
Which form of advertising is designed to influence demand for a specific brand?
a. Institutional advertising b. Advocacy advertising c. Competitive advertising d. Pioneering advertising
The accountant for Myra Lido deliberately recorded operating expenses as operating assets in order to record a higher net income for the company
As long as the amount of the misstatement was not material, this would not be considered unethical behavior. Indicate whether the statement is true or false