Question 1004 of 287 · Texas Life, Accident and Health Agent Exam
Which statement about universal life insurance is correct?
Exactly one answer is correct.
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Correct answer to question 1004
- B: The owner may adjust premium amounts and, within limits, the death benefit
Explanation
Universal life is flexible premium, adjustable death benefit permanent insurance. Cash value earns interest at a declared rate subject to a guaranteed minimum, and charges are deducted monthly.
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