$7$

Multiple Cholce

$1$ point

Mary has received a $$75,000$ inheritance from her grandfather, and she wishes to purchase a variable life insuran with Gilbert as the insured. She also would like to purchase a variable annuity and invest $$25,000$ of her inheritan mutual fund. Assume you have acquired the Series $6$ and Series $63$ licenses and are variable insurance licensed in Which of the following are you allowed to sell to Gilbert and Mary?

I. Mutual funds

II$.$ Variable annuities

III. Variable life Insurance policies

I only

II and IIII

I, III, and III

I and III