Question: Why did life insurance companies develop universal life and variable life policies? What additional benefits do these products offer to consumers? What resulting balance sheet

Why did life insurance companies develop universal life and variable life policies? What additional benefits do these products offer to consumers? What resulting balance sheet changes did the new products necessitate?

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Life insurance companies developed universal life and variable life policies to address the evolving needs and preferences of consumers while also diversifying their product offerings These new types ... View full answer

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