Variable Life Insurance is a kind of _________ Insurance.

A. Whole life

B. Money back

C. Endowment

D. Term

Answer: Option A

Solution(By Examveda Team)

Variable Life Insurance is a kind of Whole life Insurance. Variable life insurance is a permanent life insurance policy with an investment component. The policy has a cash value account, which is invested in a number of sub-accounts available in the policy. A sub-account acts similar to a mutual fund, except it's only available within a variable life insurance policy.