Universal life insurance is often suitable for single college students since the cost is quite low.

Question

Quizplus · Accepted Answer

Universal life insurance is typically more expensive than other types of life insurance, such as term life insurance. It may not be the best choice for single college students who may have limited income and minimal financial obligations. Term life insurance may be a more affordable option for young adults with fewer financial responsibilities.

Universal Life Insurance Is Often Suitable for Single College Students