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Which type of insurance product gives policyholders a fixed death benefit and a selection of investment alternatives?

a. term
b. variable life
c. universal life
d. whole life

1 Answer

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Answer:

b. variable life

Step-by-step explanation:

Variable life insurance pays a premium in case the insured dies (that is a guaranteed benefit), but it also allows the beneficiary to invest a portion of the proceeds in different types of investments. These investments may include stocks, mutual funds, bonds, etc., that eventually grow and increase in value.

User Torsten Scholz
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