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Which statement is incorrect with respect to universal life insurance? Select one: a. The policy owner can choose between two cost of insurance options. b.

Which statement is incorrect with respect to universal life insurance? Select one: a. The policy owner can choose between two cost of insurance options. b. The policy owner controls the investment of the cash value unlike whole life insurance where the value of the cash values is guaranteed. c. The annual premium for the policy is flexible. d. A policy owner focused on increasing the cash value of the policy would choose the level term option for the early years

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