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Carl would like to purchase life insurance. He would also like to invest in a mutual fund. An agent told Carl about a form of life insurance in which Carl could select where the saving component is invested. This form of life insurance has fixed premiums and the cash value is not guaranteed. This type of life insurance is called
Options:
- universal life insurance.
- whole life insurance.
- variable life insurance.
- current assumption whole life.
The Correct Answer Is:
- c) variable life insurance.
Conclusion:
The answer to your question “Carl would like to purchase life insurance. He would also like to invest in a mutual fund. An agent told Carl about a form of life insurance in which Carl could select where the saving component is invested. This form of life insurance has fixed premiums and the cash value is not guaranteed. This type of life insurance is called” should now be clear to you. We appreciate you coming here to our website to get the answer to your question and wish you the best of luck in your preparations. I hope you got the required answer that you are looking for.