Which of the following statements about universal life insurance is (are)true?
I.The interest rate credited to the cash value at the time the policy is issued remains fixed for the life of the policy.
II.A monthly deduction is made from the policy's cash value for the cost of insurance protection.

Question

Quizplus · Accepted Answer

Statement I is false because the interest rate credited to the cash value may fluctuate over the life of the policy. Statement II is true because a monthly deduction is made from the policy's cash value for the cost of insurance protection.

Which of the Following Statements About Universal Life Insurance Is