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Today General Knowledge(GK)
Variable Life Insurance is a kind of _________ Insurance.
A)
Money back
B)
Whole life
C)
Endowment
D)
Term

Correct Answer : Option (B) - Whole life



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.

Published On : June 1, 2021
Category : Insurance and Finance
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