Which of the following types of policies is most likely to allow you to switch investments?
A) Limited pay life
B) Whole life
C) Variable life
D) Term life
E) Adjustable whole life

Question

Quizplus · Accepted Answer

Variable life insurance policies typically allow policyholders to switch investments, whereas whole life and limited pay life policies have fixed investment options. Term life insurance policies do not have cash value or investment options. Adjustable whole life policies may allow policyholders to adjust premiums and death benefits, but do not necessarily allow for investment switching.

Which of the Following Types of Policies Is Most Likely