Q560
Universal Life Insurance is associated with
A.
Universal Life Insurance is associated with Germany
B.
Universal Life plan was first introduced in the UK
C.
France is the home of universal Life policies
D.
USA is known for introducing such policies
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Universal life insurance (often shortened to UL) is a type of cash value life insurance, sold primarily in the United States. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest.