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Which of the following statements regarding universal life insurance is not true? Select one: a. The policyowner can easily track the policy's different elements. b.

Which of the following statements regarding universal life insurance is not true?

Select one: a. The policyowner can easily track the policy's different elements. b. It is generally best suited to long term coverage needs. c. If the policyowner skips a premium payment the policy will not lapse d. The policy is not susceptible to inadvertently becoming a modified endowment contract.

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