Which of the Following Best Describes Unbundling

Which of the following best describes unbundling?

A) A feature that allows the sharing of current profits from investments, mortality assumptions, expense estimates, and lapse experience with policyholders.
B) The need to pay for protection in order to gain access to the cash value element of a single-premium or other investment-oriented plan.
C) A feature of universal life that clearly shows the separate effect of mortality, investment, and expense components.
D) The process where issuers of universal policies lower their front-end charges and increase surrender charges.
E) A feature of variable life that credits the account with the return an insurer earns on its latest new investments.