Choose the Correct Statement.
A)In Variable Life Assurance, the Monthly or Yearly Premiums can vary, as per the Perference of the Insured.
B)Variable Life Assurance is a Permanent Life Assurance.
C)In a Variable Life Assurance Policy, the Investment-Risk is Borne by the Insurer.
D)The Policy provides Fixed Guaranteed Returns, which are Specified at the Beginning, it-self.

Question

Quizplus · Accepted Answer

Variable Life Assurance is a type of permanent life insurance where the cash value and death benefit can vary based on the performance of investments chosen by the policyholder, distinguishing it from other types of life insurance that offer fixed benefits.