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true or false: under the terms of a standard universal policy, if beth stops paying her premiums, then the administrative fee and cost of death benefit will be deducted from the savings portion of her policy (assuming sufficient cash value accumulation,) and the policy will remain active. true

Respuesta :

In the event that the insured passes away accidentally, the accidental death benefit rider offers extra life insurance coverage.

In the event that the insured becomes disabled and unable to work, the waiver of premium rider relieves the policyholder of making premium payments.

How long does a universal life policy require payments?

A form of permanent life insurance is universal life insurance. Universal life insurance is in force for the remainder of your life, as opposed to term life insurance, which is intended for a certain time, such as 20 years (unless you stop making premium payments).

How does a universal life insurance policy operate?

What's the process for universal life insurance? As a type of permanent insurance, universal life insurance offers lifetime protection as long as payments are paid. This contrasts with term life insurance, which only offers protection for a predetermined amount of time, such 10 or 20 years.

To learn more about universal life from the given link.

https://brainly.com/question/25175700

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