Universal life contracts provide for more flexible premium payment options than do most other forms of life insurance.
Correct Answer:
Verified
Q4: Whole life is often referred to as
Q5: Type A universal policies pay the cash
Q6: Modified life generally is a type of
Q7: Endowment insurance is currently far less popular
Q8: When the premium declines gradually each year,
Q10: Renewable term policies are initially written for
Q11: If a contingent beneficiary is not named
Q12: Insurers generally reject applications for coverage if
Q13: The suicide clause assures that benefits are
Q14: A participating policy allows the policyholders the
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