question 45 of 60\na life insurance policy that allows for a partial withdrawal or surrender of its cash…

question 45 of 60\na life insurance policy that allows for a partial withdrawal or surrender of its cash value is a\na. variable policy\nb. universal life policy.\nc. whole life policy.\nd. limited pay policy

question 45 of 60\na life insurance policy that allows for a partial withdrawal or surrender of its cash value is a\na. variable policy\nb. universal life policy.\nc. whole life policy.\nd. limited pay policy

Answer

Brief Explanations:

Universal life policies often have a cash - value component that policyholders can access through partial withdrawals or surrender. Variable policies are mainly about investment options, whole life policies focus on a guaranteed death benefit and a fixed premium, and limited - pay policies are about the premium - payment period.

Answer:

B. Universal life policy