Bonnie's insurance policy allows her to adjust the premiums over the life of the policy and adjust the allocation of the premiums between insurance and savings. What kind of policy does Bonnie have?

Question

Quizplus · Accepted Answer

Universal life insurance allows policyholders to adjust their premiums and the allocation between the insurance component and the savings component, providing flexibility to adapt to the policyholder's changing needs and financial situations.

Bonnie's Insurance Policy Allows Her to Adjust the Premiums Over