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Author Question: What is the most important difference between universal life (UL) insurance and whole life (WL) insurance? (Read 97 times)

notis

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What is the most important difference between universal life (UL) insurance and whole life (WL) insurance?
With WL the policy would terminate after 30 days if a premium is missed.
With UL the policy would terminate after 30 days if a premium is missed.
With UL the policy owner is responsible for selecting the investments.
With WL the policy owner is responsible for selecting the investments.


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Marked as best answer by notis on Nov 11, 2019

ilianabrrr

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notis

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Reply 2 on: Nov 11, 2019
YES! Correct, THANKS for helping me on my review


momolu

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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