Which of the following statements is true regarding the cash value in a Universal life policy? 1. The insurer backs the cash value with a current interest rate. 2. The insurer credits the cash value in the policy with a current interest rate. 3. The insurer credits the cash value in the policy with a guaranteed interest rate. 4. The insurer backs the cash value with a nonguaranteed interest rate.
Which of the following statements is true regarding the cash value in a Universal life policy?1. The insurer backs the cash value with a current interest rate.2. The insurer credits the cash value in the policy with a current interest rate.3. The insurer credits the cash value in the policy with a guaranteed interest rate.4. The insurer backs the cash value with a nonguaranteed interest rate.
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The post Which of the following statements is true regarding the cash value in a Universal life policy? 1. The insurer backs the cash value with a current interest rate. 2. The insurer credits the cash value in the policy with a current interest rate. 3. The insurer credits the cash value in the policy with a guaranteed interest rate. 4. The insurer backs the cash value with a nonguaranteed interest rate. appeared first on Superb Professors.
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