Primary reason life insurance policies have savings element

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Reference no: EM131646698

1. Which of the following is false with respect to universal life insurance (ULI)?

has flexible premiums and benefits

is cheaper than ordinary whole life

has the tax benefits of ordinary life insurance

is interest sensitive

2. The primary reason life insurance policies have a savings element is to allow the:

insured to accumulate funds to aid in the long-term financing of private business enterprises

insured to have money for old age or for other purposes

insurer to reduce the cost of insurance by investing money at high interest rates

insured to obtain lifetime protection at a level premium

Reference no: EM131646698

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