Universal life policies are kept in force even if premiums are not paid, provided its cash value was sufficient to pay for the following items:-

A. Policy preparation & stamp charges

B. Agent commission & policy charges

C. Mortality charges and expenses

D. All of the above

Answer: Option C

Solution(By Examveda Team)

Universal life policies are kept in force even if premiums are not paid, provided its cash value was sufficient to pay for Mortality charges and expenses.