Traditional cash value plans are also known as

A. Unbundled plans

B. Bundled plans

C. Annuity

D. ULIP

Answer: Option B

Solution(By Examveda Team)

Traditional cash value plans are also known as Bundled plans. Bundled plans consist of multiple types of health coverage that a consumer can purchase together, typically with one integrated premium. The plans are generally designed to complement each other, or to provide varying benefits.