Question: What is the most important difference between universal life (UL) insurance and whole life (WL) insurance? a. With UL the policy would terminate after 30

What is the most important difference between universal life (UL) insurance and whole life (WL) insurance?

a.

With UL the policy would terminate after 30 days if a premium is missed.

b.

With UL the policy owner is responsible for selecting the investments.

c.

With WL the policy would terminate after 30 days if a premium is missed.

d.

With WL the policy owner is responsible for selecting the investments.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!