The Term "Variable" in a Variable Life Policy Refers to the

question 24

Multiple Choice

The term "variable" in a variable life policy refers to the

• A)policyholder's ability to vary the premiums.
• B)insurer's ability to vary the rate of return on the policy.
• C)variable growth rate of the cash value of the policy.
• D)insurer's ability to vary the premiums.
• E)the policyholder's ability to cancel the plan.

---

Definitions:

Food

A substance consumed by living organisms to provide nutritional support, primarily obtained through plants, animals, or fermentation.

Supplies

Items used in the operation of a business or manufacturing process, which are not directly associated with the products being made.

Net Operating Income

The financial metric that calculates a company's profitability from its normal business operations, deducting operating expenses from the revenue.

Planning Budget

A budget prepared for a future period, reflecting the goals and policies of management, and used as a tool for guiding business activities towards financial objectives.