Which of the following statements applies to universal life insurance?
A) A rate of interest higher than that paid on whole life is paid for the term of the policy.
B) Premiums generally may be increased or decreased at the policyowner's option.
C) It is similar to endowment insurance.
D) The policy involves a cash account and increasing term insurance coverage
Ans: B) Premiums generally may be increased or decreased at the policyowner's option.
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