Which policy is a combination of universal life and variable life, offering flexible premiums and an adjustable death benefit with non-guaranteed cash values?

Which policy is a combination of universal life and variable life, offering flexible premiums and an adjustable death benefit with non-guaranteed cash values?

• A. Universal Life
• B. Variable Universal Life
• C. Term Life
• D. Group Life Insurance

Answer: (B)

Variable universal life is the policy that blends universal life’s flexibility with the investment features of variable life. It lets you adjust premiums and the death benefit over time, while the cash value sits in separate accounts chosen by you. Because those cash values are tied to market performance, they aren’t guaranteed and can go up or down based on investment results. This combination—flexible premiums, an adjustable death benefit, and investment-linked, non-guaranteed cash values—fits exactly what this type offers. Other options either don’t include investment-linked cash values or don’t combine flexible premiums with an adjustable death benefit.

Variable universal life is the policy that blends universal life’s flexibility with the investment features of variable life. It lets you adjust premiums and the death benefit over time, while the cash value sits in separate accounts chosen by you. Because those cash values are tied to market performance, they aren’t guaranteed and can go up or down based on investment results. This combination—flexible premiums, an adjustable death benefit, and investment-linked, non-guaranteed cash values—fits exactly what this type offers. Other options either don’t include investment-linked cash values or don’t combine flexible premiums with an adjustable death benefit.