Q766
Variable Life Insurance is a kind of _________ Insurance.
A.
Whole life
AnswerB.
Money back
C.
Endowment
D.
Term
Answer: Option A
Solution
Answer: Option A
Solution:
Variable Life Insurance is a kind of Whole life Insurance. Variable life insurance is a permanent life insurance policy with an investment component. The policy has a cash value account, which is invested in a number of sub-accounts available in the policy. A sub-account acts similar to a mutual fund, except it's only available within a variable life insurance policy.