Explain why universal life (UL) policies and variable universal life (VUL) policies can be referred to as internal BTID policies.

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter7: Types And Costs Of Financial Capital
Section7.3: Determining The Cost Of Debt Capital
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  1. Explain why universal life (UL) policies and variable universal life (VUL) policies can be referred to as internal BTID policies.
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