Some life insurers sell insurance directly to the public by using telephone representatives or fee-only financial planners.As the marketing expenses are substantially lower,the insurer can pass the savings on to the purchaser.The life insurance sold in this manner is called

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The passage specifically mentions that the life insurance sold through telephone representatives or fee-only financial planners has lower marketing expenses, which allows the insurer to pass on the savings to the purchaser. This type of life insurance is commonly referred to as low-load life insurance. Therefore, option A is the correct choice. Options B, C, and D are not applicable to the description provided in the passage.

Some Life Insurers Sell Insurance Directly to the Public by Using