Universal life insurance policy provides for partial withdrawals. This partial withdrawal was made from the policy’s _________

A. Loan value

B. Surrender Value

C. Paid up value

D. Cash value

Answer: Option D

Solution(By Examveda Team)

Universal life insurance policy provides for partial withdrawals. This partial withdrawal was made from the policy’s Cash value. Cash value may also be used to pay policy premiums. If there is sufficient cash value, a policyholder can stop paying premiums out-of-pocket and have the cash value account cover the payment.