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Which of the following characterize(s) universal life insurance contracts? They are a traditional form of life insurance and have been available for generations. Coverage is
Which of the following characterize(s) universal life insurance contracts?
They are a traditional form of life insurance and have been available for generations. | ||
Coverage is terminated if a premium is not paid, even when the contract has a large cash value. | ||
The after-tax return on the investment part of the contract may be designed to be competitive with certain opportunities available with investment companies and banks. | ||
All of the above. | ||
(a) and (c) only. |
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