Which of the following involves fixed premium payments and a benefit payout at the time of death that will depend on investment returns over the life of the policy?

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Variable life insurance involves fixed premium payments and a benefit payout at the time of death that will depend on investment returns over the life of the policy. Option A, term life insurance, involves fixed premium payments and a benefit payout at the time of death but does not depend on investment returns. Option C, whole life insurance, involves fixed premium payments and a guaranteed benefit payout. Option D, endowment life insurance, involves fixed premium payments and a benefit payout at a specific date in the future or at the time of death, whichever comes first.

Which of the Following Involves Fixed Premium Payments and a Benefit