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Question 3 The Board has mentioned to you that the banker had proposed a Universal Life Policy (UL) last week, but they had their doubts

Question 3 The Board has mentioned to you that the banker had proposed a Universal Life Policy (UL) last week, but they had their doubts as he appeared to be quite pushy. Critique the use of Universal Life Policy (UL) and Level Term Policy as a funding vehicle for the buy-sell agreement in this situation.

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