Final answer:
A typical Variable Life Policy investment account can grow through a variety of investment options such as mutual funds, stocks, and bonds. These investment options offer the potential for higher returns compared to a savings account or Treasury Bills.
Step-by-step explanation:
A typical Variable Life Policy investment account can grow through a variety of investment options such as mutual funds, stocks, and bonds. These investment options offer the potential for higher returns compared to a savings account or Treasury Bills. Mutual funds, for example, purchase a collection of stocks and/or bonds, allowing investors to receive returns based on the fund's overall performance. Stocks have historically shown higher average returns than bonds, and bonds have higher returns than savings accounts.