_____ can be both an advantage and a disadvantage of universal life insurance.
A) Flexible premiums
B) Tax features
C) High returns
D) Unbundling premiums
E) Underwriting

Question

Quizplus · Accepted Answer

Flexible premiums can be an advantage because policyholders can adjust their premiums based on their financial situation. However, it can also be a disadvantage if policyholders do not consistently pay the appropriate amount, which could lead to the policy lapsing or the death benefit being reduced.

_____ Can Be Both an Advantage and a Disadvantage of Universal