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How Does Whole Life Differ from Universal Life Insurance

Question 56

Multiple Choice

How does whole life differ from universal life insurance?


A) Universal life is similar to whole life except it does not have a guaranteed minimum return.
B) They are similar except universal life covers all family members.
C) Universal life serves as an umbrella policy if you are killed in an auto accident.
D) Whole life must be purchased before the age of 50.

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