QuestionJuly 27, 2025

Which type of life insurance policy allows the policyowner to pay more or less than the planned premium? A. Decreasing term B. Universal life C. Variable whole life D. Straight whole life

Which type of life insurance policy allows the policyowner to pay more or less than the planned premium? A. Decreasing term B. Universal life C. Variable whole life D. Straight whole life
Which type of life insurance policy allows the policyowner to pay more or less
than the planned premium?
A. Decreasing term
B. Universal life
C. Variable whole life
D. Straight whole life

Solution
3.8(329 votes)

Answer

B. Universal life Explanation 1. Identify the policy type Universal life insurance allows flexibility in premium payments, enabling policyowners to pay more or less than the planned premium.

Explanation

1. Identify the policy type<br /> Universal life insurance allows flexibility in premium payments, enabling policyowners to pay more or less than the planned premium.
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