Which of the following is not characteristic of universal life insurance?
A) flexible premiums
B) choice of how the accumulation account is invested
C) option A provides a level death benefit
D) option B provides a stated amount of insurance plus the accumulated cash value
E) the death protection and the savings portion are identified separately

Question

Quizplus · Accepted Answer

Universal life insurance does not typically allow policyholders to choose how the accumulation account is invested; this is more characteristic of variable life insurance.

Which of the Following Is Not Characteristic of Universal Life