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Which of the following statements regarding the flexibility available to the owner of a universal life insurance policy is not true? A: Insufficient premium payments
Which of the following statements regarding the flexibility available to the owner of a universal life insurance policy is not true?
A: Insufficient premium payments may result in early policy lapse
B: Premium payments can be any amount provided there is sufficient cash value to keep the policy in force
C: the frequency of premium payments can be varied
D: Policy loans are permitted on an interest-free basis
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