Answered: Like Term Life Insurance, there are… | bartleby

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Like Term Life Insurance, there are several variations of Permanent Life Insurance. Let's focus on the two most
popular: Whole life insurance, and Universal life insurance. Select the aspect on which the policies generally
differ.
Cash value account (i.e. for funding future premiums)
Management of the cash value account
Death benefit (i.e. insurance payout)
Renewability

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