Which of the following statements describes variable life insurance?
A) It gives voting rights to the contract holder that are determined by reference to state law and not the corporate bylaws.
B) It can be sold by any agent licensed to sell life insurance.
C) It varies in the benefits provided based on the investment experience of the insurer's general account.
D) It provides insurance benefits that vary according to the investment experience of separate accounts maintained by the insurer."
Ans: D) It provides insurance benefits that vary according to the investment experience of separate accounts maintained by the insurer."
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