Carl would like to purchase life insurance.He would also like to invest in a mutual fund.An agent told Carl about a form of life insurance in which Carl could select where the saving component is invested.This form of life insurance has fixed premiums and the cash value is not guaranteed.This type of life insurance is called

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The form of life insurance described is variable life insurance, which allows the policyholder to select how the saving component is invested. This aligns with Carl's desire to invest in a mutual fund. Whole life insurance does not offer this investment flexibility, and current assumption whole life provides a guaranteed minimum interest rate on the cash value. Universal life insurance may offer investment flexibility, but typically has more flexible premiums as well.

Carl Would Like to Purchase Life Insurance