Which type of life insurance requires the policyholder to make his own investment decisions?

Question

Quizplus · Accepted Answer

Universal life insurance requires the policyholder to make his own investment decisions as it offers flexible premium payments and adjustable death benefits. This type of life insurance provides a savings element that can be invested in various options such as stocks, bonds, or mutual funds, giving the policyholder greater control over how the money is invested. However, this also means that the policyholder bears the investment risk and must monitor the performance of their investment portfolio.

Which Type of Life Insurance Requires the Policyholder to Make