Universal life was created in response to which of the following?
A) declining popularity of term life insurance in the mid-1980's
B) declining inflation and investment yields in the late 1970's
C) less-sophisticated consumers demanding easier-to-read policies
D) high-yield, low risk investment opportunities that made whole life insurance unattractive
Correct Answer:
Verified
Q23: After taking an introductory course in insurance,
Q32: MaryJo owns a whole-life insurance policy on
Q34: Your best friend discovers you just took
Q34: Term life insurance has significantly increased in
Q36: Which of the following is true with
Q39: Which of the following is false with
Q40: After taking an introductory course in insurance,
Q40: Why have term life insurance rates decreased
Q49: Universal life insurance is an interest sensitive
Q52: Explain why there is a savings element
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents