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In respect of Universal life insurance, which of the following statement is correct:-
Answer & Solution
Correct Answer:
Option
C
Both the statements are correct.
The partial withdrawal once taken need not be repaid and Policy was kept in force even if premiums are not paid provided there were adequate investment returns.
The partial withdrawal once taken need not be repaid and Policy was kept in force even if premiums are not paid provided there were adequate investment returns.
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