Variable life insurance
A) combines life insurance with a tax-deferred annuity.
B) provides a minimum death benefit that increases subject to investment performance.
C) can be converted to a stream of income.
D) All of the options are correct.
E) None of the options are correct.

Question

Quizplus · Accepted Answer

Variable life insurance combines life insurance with a tax-deferred investment feature (similar to an annuity), provides a minimum death benefit that can increase based on the performance of the policy's investments, and can indeed be converted into a stream of income, making all the provided options correct.

Variable Life Insurance