Statements regarding universal life insurance

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Reference no: EM131052525

Which of the following statements regarding universal life insurance is not true?

a. The policyowner can easily track the policy's different elements. b. It is generally best suited to long term coverage needs. c. If the policyowner skips a premium payment the policy will not lapse d. The policy is not susceptible to inadvertently becoming a modified endowment contract.

Reference no: EM131052525

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