The basic difference between whole life insurance and universal life insurance is that:
A) The universal life investment portion pays interest at a variable rate and whole life does
not.
B) Universal life is a single premium payment plan and whole life is not.
C) Universal life includes health insurance and whole life does not.
D) There is no difference because they are two terms for the same type of policy.
E) Universal life is usually purchased by corporations on its employees and whole life is
usually purchased by individuals for family members.
A
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