Question

Que 39: What is a Variable Insurance
Product?
It?s a type of. Universal Life
insurance Product
It?s a Product Segment of
Life Insurance
Both the above
None of the two​

Answer 1

Answer:

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.

Explanation:

variable universal life, and there are variations within each type.