Permanent life insurance policies are divided into three categories: whole, universal and variable. Identify the distinguishing factor that differentiates Whole Life from Universal Life policies. Review Later Death Benefit - Whole life requires death benefit to be renegotiated annually Structure of Cash Value Account - only Universally life is tax-advantaged Management of Cash Value account - how the funds in this account are managed and invested?

Answer rating: 100% (QA)

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