Universal life insurance is

Insurance

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Universal life insurance is

A. A life insurance policy that separately states the protection, savings, and expense components.

B. A savings account that provides for life insurance payments from the interest on the savings.

C. A type of term life insurance without cash values.

D. An insurance and savings account that requires disciplined adherence to monthly payments.

Answer: A. A life insurance policy that separately states the protection, savings, and expense components.

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