Which of the following statements regarding the different types of life insurance is true?
A) Term life policies offer a guaranteed rate of return on cash values while variable life policies do not.
B) Variable life policies offer more investment options than universal life policies.
C) Whole life policies offer a fixed death benefit while universal life policies vary based on the investment account's performance.
D) Universal life policies offer less flexibility in making premium payments than do whole life policies.
Correct Answer:
Verified
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