Variable life insurance and Universal life insurance are very similar. Which of these features are held exclusively by variable universal life insurance?

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Variable life insurance and Universal life insurance are very similar. Which of these features are held exclusively by variable universal life insurance?

Options

a) Policyowner may increase or decrease the premium payments
b) Policyowner may increase or decrease the face amount
c) Policyowner can contribute large sums of money
d) Policyowner has the right to select the investment which will provide the greatest return

Answer: d) Policyowner has the right to select the investment which will provide the greatest return

The above question Variable life insurance and Universal life insurance are very similar. Which of these features are held exclusively by variable universal life insurance?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.