Question

What are the two components of a universal policy?​

Answer 1

Answer:

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Explanation:

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Universal policy premiums include two components: the cost of insurance amount and the savings component amount, also known as the cash value. The cost of insurance (COI) is the minimum amount you must pay to keep your policy active. This amount varies based on your age, health, and insured risk amount.

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Answer 2

The cost of insurance amount and the savings component amount you must pay to keep your policy active. This amount varies based on your age,health, and insured risk amount.