Question: Variable universal life ( VUL ) insurance contracts are similar to variable life in all of the following ways EXCEPT: Question options: The premiums are

Variable universal life (VUL) insurance contracts are similar to variable life in all of the following ways EXCEPT:
Question options:
The premiums are flexible.
The policyowner assumes the investment risk.
The policyowner can select from a number of investment subaccount choices.
The prospective purchaser must receive a policy prospectus before the sale can be made.

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