Please kindly answer the 2 following questions 13 If you wan

Please kindly answer the 2 following questions:

13)

If you want to purchase a life insurance product that allows both the premium amounts and the maturity of the life contract to be determined by you, while have the option to invest your premiums in money, equity, or bond mutual funds market, which of the following product should you choose?

Term life insurance

Whole life insurance

Variable life insurance

Universal life insurance

Solution

OPTION C: VERIABLE LIFE INSURANCE

This kind of insurance policy is characterized for be the most expensive variation with respect to the cash-value insurance. It permits you to allocate a portion of your premium expenditure to a separate account comprehended of diverse instruments and investment funds within the insurance company\'s portfolio as bonds, stocks, funds of equity, money market funds and bond funds.

Term Life insurance provides to the person a coverage for a fixed term, or period of time and almost never pay death benefit.

Whole life insurance is to entire life, with fixed premiums but death benefit is relative low.

Universal life insurance is the most cheap and limited policy.