Which statement regarding universal life insurance is correct?

Insurance

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Which statement regarding universal life insurance is correct?

A. Cash value accumulations have a guaranteed minimum interest rate

B. Policyowner can change the face amount but not the premium

C. Policyowner can change the premium but not the face amount

D. Partial withdrawals cannot be made from the policy’s cash value

Answer: A. Cash value accumulations have a guaranteed minimum interest rate

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