After Taking an Introductory Course in Insurance, Your Parents Ask

Multiple Choice

After taking an introductory course in insurance, your parents ask you what type of life insurance policy they should purchase to get permanent death protection with the option to pay more premiums some years, and less in other years. They also want a minimum guaranteed rate of return on their cash value. Which type of life insurance will you recommend?

A) Term life
B) Whole life
C) Universal life
D) Variable life