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All of these statements concerning universal life insurance are false EXCEPT
A. Death benefits are normally taxable
B. Policy loans are not permitted
C. Premiums or face amount cannot be changed
D. Policy indicates how much of the premium is used toward company expenses
Answer: D. Policy indicates how much of the premium is used toward company expenses
The above question All of these statements concerning universal life insurance are false EXCEPT, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
