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All of the following statements about universal life insurance are true EXCEPT

JamesLu

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6 years ago

All of the following statements about universal life insurance are true EXCEPT

All of the following statements about universal life insurance are true EXCEPT
A) Interest is credited to the policy's cash value each month.
B) Any withdrawal of a policy's cash value reduces the amount of the death benefit.
C) Interest credited to a policy's cash value is taxable for the policyowner in the year credited.
D) The policyowner can add to a policy's cash value at any time subject to policy guidelines.

Textbook

Principles of Risk Management and Insurance

Edition: 12^th

Authors: Rejda, McNamara

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JamesLu Author

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6 years ago

Thanks

my2redeyes

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

fgarza2146

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Just got PERFECT on my quiz

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