Rosalinda is very excited about purchasing a universal life policy in the amount of $$1,000,000$ with a level death benefit plus account value option. Her life insurance agent David, however, feels that there is a final piece of information he needs to share with her, $($i$.$ e the advantages of a universal life insurance policy$).$The correct statement with regards to universal life policies is:a$.$ Universal life offers considerable flexibility; the policy holder has a choice of investment products, offers the opportunity for tax sheltered investing within limits$,$ the policy holder can increase, decrease, or even suspend premiums as long as the policy's account value can support the mortality and expense deduction.