Which of the following types of insurance is intended to provide a limited choice of investments and an insurance component in the event of death?

Name: Which of the following types of insurance is intended to provide a limited choice of investments and an insurance component in the event of death?
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Question

Quizplus · Accepted Answer

Universal life insurance offers a combination of a death benefit and a savings component, where the policyholder can allocate a portion of their premiums to a limited choice of investments.

Which of the Following Types of Insurance Is Intended to Provide