Kurt Purchased a Policy with an Initial Premium of $3,000

Multiple Choice

Kurt purchased a policy with an initial premium of $3,000 and may elect how much he desires to pay in premiums from now on.He has purchased a face value of $100,000 and can accumulate cash value.What type of life insurance has Kurt purchased?

A) Universal life
B) Whole life
C) Modified whole life
D) Term life
E) Adjustable whole life