Universal life became popular in the inflationary, high interest periods of the 1980s because interest rates on universal life policies vary with market rates.

Question

Quizplus · Accepted Answer

Universal life insurance gained popularity during the high inflation and interest rate periods of the 1980s because its cash value interest rates adjusted with the market, allowing policyholders to benefit from higher returns.

Universal Life Became Popular in the Inflationary, High Interest Periods