The best description of "universal life" insurance is that it is
A) a combination of term insurance and tax-deferred savings.
B) insurance for a large number (universe) of people at reduced rates.
C) total family coverage,protecting husband,wife,and dependents.
D) a policy that provides for inter-generational transfers.
Correct Answer:
Verified
Q36: Which policy is designed to aid in
Q37: Living benefits insurance
A)pays benefits only to insured
Q38: With a joint life policy the insurance
Q39: Life insurance policies that have dividend payments
Q40: A guaranteed insurability rider
A)allows you to increase
Q42: Given a cash value policy with the
Q43: In which of the following policies does
Q44: Deposit term insurance is
A)typically a good buy,because
Q45: In which of the following policies does
Q46: The nonforfeiture clause ensures that
A)cash value is
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