What is the most important difference between universal life (UL) insurance and whole life (WL) insurance?
A) With WL the policy would terminate after 30 days if a premium is missed.
B) With UL the policy owner is responsible for selecting the investments.
C) With WL the policy owner is responsible for selecting the investments.
D) With UL the policy would terminate after 30 days if a premium is missed.
Correct Answer:
Verified
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