What is Universal Life Insurance? | LIFE-HEALTH Exam Prep

Universal life insurance is a permanent life insurance policy with flexible premiums and death benefits, plus a cash value component that earns interest based on current market rates. 📚 Learn more about Universal Life Insurance and other key terms for your LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Universal Life Insurance definition: https://www.open-exam-prep.com/glossary/universal-life-insurance 💡 Exam Tip: Universal life = flexible premiums + death benefit. Cash value can vary. Policy can lapse if underfunded. --- #insurance #examprep #financeexam #life-health