Question

the variable life insurance policy that you offer is similar to the New YOrk Life Plan. This means that the death benefit is adjusted

Answer 1

Cash-value (whole) life insurance policies provide a death benefit and a cash value that can be used by the policyholder. The New York Life Plan is an example of such a policy.

Step-by-step explanation:

Cash-value (whole) life insurance policies, such as the New York Life Plan, offer a death benefit and also accumulate a cash value over time. The death benefit is the amount of money that is paid out to the policy beneficiary upon the death of the insured person, while the cash value is the amount that can be used by the policyholder during their lifetime, similar to an account.