Answered

How do premiums in variable universal life policies vary from those in variable whole life policies?

A. Premiums are level.
B. Premiums are flexible.
C. Premiums automatically increase over the life of the policy.
D. Premiums automatically decrease over the life of the policy.



Answer :

GinnyAnswer

Final answer:

Variable universal life (VUL) and variable whole life (VWL) policies differ in premium flexibility. VUL policies offer flexible premiums, while VWL policies have level premiums.


Explanation:

Variable universal life (VUL) policies and variable whole life (VWL) policies both offer investment options but differ in the flexibility of premiums. In VUL policies, premiums are flexible and can be adjusted by the policyholder based on their investment choices and financial situation. On the other hand, VWL policies typically have level premiums that remain constant throughout the life of the policy.


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itsalexlydia

Answer:

Explanation:

B. Premiums are flexible.

In variable universal life (VUL) policies, premiums are flexible, allowing policyholders to adjust the amount and timing of their payments within certain limits. This flexibility enables policyholders to adapt their premiums based on their financial situation and the performance of their investments.

In contrast, premiums for variable whole life policies are typically fixed and do not offer the same level of flexibility.

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