Which of the following statements is true of a variable life insurance policy?
A) The policy stays in force as long as the premiums are paid.
B) It provides protection for a specific period.
C) This "mutual fund" policy is intended to keep death benefits apace with inflation.
D) It pays the face amount if policy is in force when death occurs.
E) The interest rates of the policy are based on bonds only (not stocks) and can be higher than the minimum guaranteed.
Correct Answer:
Verified
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A)A
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