Q768
Under Variable life insurance, if the cash value became zero, the policy would _________
A.
Continue
B.
Converted into term ins
C.
Surrender
D.
Terminate
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Under Variable life insurance, if the cash value became zero, the policy would Terminate. Variable life insurance is a permanent life insurance product with separate accounts comprised of various instruments and investment funds, such as stocks, bonds, equity funds, money market funds, and bond funds.