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_____ can be both an advantage and a disadvantage of universal life insurance.

User Sheela
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The correct answer is known as Flexible Premium Life Insurance.
Life Insurance or Insurance is described as an agreement among an insurer and a policyholder, wherein the insurer ensures promised payment of a death beneficiary to named beneficiaries upon the death of the insured individual. The Insurance Company creates an agreement upon a death benefit in consideration of the charge of premium with the aid of the insured.
User Varghesekutty
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