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All of the following statements are false regarding universal life insurance, EXCEPT:
a. Proof of insurability is required to increase the policy face amount.
b. Premium payments cannot be skipped.
c. The face amount is level.
d. Premiums are fixed.
Answer: a. Proof of insurability is required to increase the policy face amount.
The above question All of the following statements are false regarding universal life insurance, EXCEPT:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
