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Why would a person want to purchase Universal Life Insurance? The face value of the policy remains the same forever It provides both pure insurance and cash value build up The cost is so low, a person can have the insurance and invest any amount left over The premium is fixed for the life of the policy

Why would a person want to purchase Universal Life Insurance? The face value of the policy remains the same forever It provides both pure insurance and cash value build up The cost is so low, a person can have the insurance and invest any amount left over The premium is fixed for the life of the policy

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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- Why would a person want to purchase Universal Life Insurance? The face value of the policy remains the same forever It provides both pure insurance and cash value build up The cost is so low, a person can have the insurance and invest any amount left over The premium is fixed for the life of the policy
Transcribed Image Text:- Why would a person want to purchase Universal Life Insurance? The face value of the policy remains the same forever It provides both pure insurance and cash value build up The cost is so low, a person can have the insurance and invest any amount left over The premium is fixed for the life of the policy
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