Which of the below is correct with regards to universal life insurance?
I: It allows policy owner to vary payments.
II: Policy owner can earn market based rate of return on cash value

A) I is true B) II is true C) I and II are true D) I and II are false

Answer & Solution

Correct Answer: Option C

Both are correct with regards to universal life insurance: It allows policy owner to vary payments and policy owner can earn market based rate of return on cash value.

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Which of the below is correct with regards to universal life...

Which of the below is correct with regards to universal life insurance?I: It allows policy owner to vary payments.II: Policy owner can earn market based rate of return on cash value

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Which of the below is correct with regards to universal life insurance?
I: It allows policy owner to vary payments.
II: Policy owner can earn market based rate of return on cash value