Where was the Universal Life Policy introduced first?

The correct answer is A. USA.

Universal life insurance was first introduced in the United States in the 1970s. It is a type of permanent life insurance that combines the features of term life insurance and whole life insurance. Universal life insurance policies have a cash value component that grows tax-deferred, and they also provide death benefit protection.

Great Britain introduced whole life insurance in the 17th century, and Germany introduced universal life insurance in the 1980s. France introduced universal life insurance in the 1990s.

Here is a brief explanation of each option:

• Option A: The United States introduced universal life insurance in the 1970s.
• Option B: Great Britain introduced whole life insurance in the 17th century.
• Option C: Germany introduced universal life insurance in the 1980s.
• Option D: France introduced universal life insurance in the 1990s.