1
Q
Does universal life insurance have sum assured?
A
Yes
2
Q
Are universal life insurance policies participating
A
No
3
Q
Do universal life policies have minimum cash guarantees?
A
No
4
Q
What types of flexibility do universal life insurance policies have? (3 answers)
A
Flexibility in premium payment
Flexibility in premium allocation
Flexibility in sum assured
5
Q
What unique features do universal life insurance policies have?
A
1) Minimum Credit Interest
2) No Lapse Feature
