Variable life insurance policies are regulated by the Securities Exchange Commission and FINRA because

A) the insurer assumes the risk of market value losses
B) the policyholder receives the full benefit of any investment gains after policy charges are deducted
C) the cash values are tied to the actual performance of investment funds
D) the cash values are tied to the insurance company's general investment account"

Ans: C) the cash values are tied to the actual performance of investment funds

Business

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The concept of materiality:

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