Which of the following is not characteristic of universal life insurance?
A)flexible premiums
B)choice of how the accumulation account is invested
C)Option A level death benefit
D)Option B stated coverage plus accumulated cash value
E)separate identification of death protection and savings portions

Question

Quizplus · Accepted Answer

Universal life insurance typically does not allow policyholders to choose how the accumulation account is invested; this is more characteristic of variable life insurance.

Which of the Following Is Not Characteristic of Universal Life