Question

Variable universal life insurance policies:

A. have fixed premiums and a fixed benefit payout.
B. have fixed premiums but allow the benefit payout to vary with investment returns.
C. have a fixed benefit payout but allow the premium to vary with investment returns.
D. allow both the premium and benefit payout to vary with investment returns

Answer 1

D. allow both the premium and benefit payout to vary with investment returns

Step-by-step explanation:

Variable universal life insurance policies allow both the premium and benefit payout to vary with investment returns. In the variable universal life insurance policy it is flexible and gives insured with the option to invest as well as alter the insurance coverage with ease. Policyholder has the option to decide the amount and the frequency of premium payment in a specific limits.