Q520
Who are the likely buyers of variable life policies?
A.
Persons with low risk appetite
B.
Persons who look for predetermined and fixed returns of interest
C.
Persons with comfort in equity on account of their knowledge
AnswerD.
Generally young persons
Answer: Option C
Solution
Answer: Option C
Solution:
Persons with comfort in equity on account of their knowledge are the likely buyers of variable life policies. 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.