A Comparison of Variable Life Insurance to a Standard Whole

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.