Final answer:
A Current assumption life insurance policy is an indeterminate-premium policy with cash values credited at current interest rates, varying based on insurer's economic assumptions.
Step-by-step explanation:
The type of life insurance policy that is an indeterminate-premium policy with cash values being credited at current interest rates is known as a Current assumption life insurance policy. This kind of life insurance is similar to whole life insurance in that it provides a death benefit and accumulates a cash value. However, unlike traditional whole life policies that have fixed premiums and fixed cash value growth rates, the current assumption policy's premiums can vary based on the insurer's economic assumptions, including current interest rates. The policyholder's account is credited with interest at rates that can change over time, which can influence the growth of the cash value.
On the other hand, a Variable whole life insurance policy allows the cash value to be invested in a variety of separate accounts, like mutual funds. An Equity index life policy credits cash value based on the performance of a specific equity index, such as the S&P 500, while providing downside protection. Enhanced ordinary life is not a commonly used term in the context of life insurance products and does not match the characteristics described in the question.