A universal life policy gives policyholders the right to select their ________ that whole life policyholders do not have.

Question

Quizplus · Accepted Answer

Universal life policies offer the policyholder the ability to select their investments within the policy, while whole life policies do not offer this feature. The policyholder can specify which investments they want to allocate their premiums towards, which can affect the policy's cash value and death benefit.

A Universal Life Policy Gives Policyholders the Right to Select