Which of the following is not characteristic of a universal life insurance policy?
A) Flexible premiums.
B) Choice of how the accumulation account is invested.
C) Savings feature
D) Changing premiums and protection levels
E) Heavier fees as compared to other insurance policies

Question

Quizplus · Accepted Answer

Universal life insurance policies do not typically allow policyholders to choose how the accumulation account is invested; this is more characteristic of variable life insurance policies.

Which of the Following Is Not Characteristic of a Universal