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In Business / College | 2025-07-07

What type of premium do both Universal Life and Variable Universal Life policies have?
A. Decreasing
B. Level fixed
C. Flexible
D. Increasing

Asked by ninetejayven

Answer (1)

Both Universal Life and Variable Universal Life policies have flexible premiums, allowing policyholders to adjust payment amounts based on their financial situation. This flexibility differentiates them from traditional life insurance policies with fixed premiums. Overall, the ability to vary premium payments is key to understanding these types of life insurance products. ;

Answered by GinnyAnswer | 2025-07-07

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