Life Insurance Exam [National] 33 – Universal Life Insurance Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam life insurance exam. In this episode you will learn: • Universal Life is an unbundled product separating mortality, expenses, and interest. • Differences between Death Benefit Option A (level) and Option B (increasing). • Premium flexibility allowing for target, minimum, or skipped payments based on cash value. • The corridor requirement that ensures the policy maintains its tax-deferred status. • Why increasing the death benefit requires new evidence of insurability. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep