Under Variable life insurance, if the cash value became zero, the policy would _________

A. Continue

B. Converted into term ins

C. Surrender

D. Terminate

Answer: Option D

Solution(By Examveda Team)

Under Variable life insurance, if the cash value became zero, the policy would Terminate. Variable life insurance is a permanent life insurance product with separate accounts comprised of various instruments and investment funds, such as stocks, bonds, equity funds, money market funds, and bond funds.