Universal life insurance is similar to whole life, but it allows the policyholder more choices of how the savings portion of the premiums are invested.

Name: Universal life insurance is similar to whole life, but it allows the policyholder more choices of how the savings portion of the premiums are invested.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Universal life insurance policies have a savings component like whole life, but the policyholder has more flexibility in how those savings are invested.

Universal Life Insurance Is Similar to Whole Life, but It