Final answer:
A life insurance policy with investment growth potential and flexible premiums is known as Variable Universal Life. It combines aspects of variable and universal life insurance, with a cash-value account for investment purposes.
Step-by-step explanation:
The correct answer to which type of life insurance policy provides an opportunity for investment growth potential with a flexible premium is Variable Universal Life. This policy combines the features of variable life insurance and universal life insurance. The policy has a cash-value component that you can invest, thus offering potential for investment growth. Premiums are flexible, meaning you can adjust the amount and frequency of payments within certain limits.