Q761
Universal life policies are kept in force even if premiums are not paid, provided its cash value was sufficient to pay for the following items:-
A.
Policy preparation & stamp charges
B.
Agent commission & policy charges
C.
Mortality charges and expenses
AnswerD.
All of the above
Answer: Option C
Solution
Answer: Option C
Solution:
Universal life policies are kept in force even if premiums are not paid, provided its cash value was sufficient to pay for Mortality charges and expenses.