The death benefit and cash values are not guaranteed in a universal life insurance contract but are in whole life.

Question

Quizplus · Accepted Answer

In a universal life insurance contract, the death benefit and cash values can vary based on the performance of the policy's underlying investments and the cost of insurance, whereas in whole life insurance, both the death benefit and cash values are guaranteed by the insurance company.

The Death Benefit and Cash Values Are Not Guaranteed in a Universal