A Comparison of Variable Life Insurance to a Standard Whole

question 211

Multiple Choice

A comparison of variable life insurance to a standard whole life plan would reveal that

• A) they are essentially identical.
• B) variable life offers only pure insurance but does so at a very low cost, while a standard whole life plan costs more but offers both insurance and a savings plan.
• C) both a standard whole life and variable life insurance offer both life insurance and savings, but variable life invests the savings more aggressively than whole life.
• D) variable life is only available to people who want at least $1 million in coverage-and are willing to pay for it.

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Definitions:

Estimated Cost Line

A projection or forecast of the expected costs associated with a project, product, or service over a specified period.