Respuesta :
The Universal Life Policy is called an unbundled Life Policy because the policyholder can see the expense charges, the interest earned, and the cost of insurance.
- The Universal Life Policy can be considered as a kind of permanent life insurance.
- In this policy (Universal Life Policy) an individual is covered along with his/her life.
- Moreover, the cost of insurance refers to the amount of money charged by the insurer to cover you.
In conclusion, the Universal Life Policy is called an unbundled Life Policy because the policyholder can see the expense charges, the interest earned, and the cost of insurance.
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