Question $12$

$3\mathrm{.}33$ pts

Carl would like to purchase life insurance. He would also like to irvest in a mutuintund. An agent told Cal about a form of life inourance in which Carl could select where the saving component is invested. This form of life insurance has fowed premiums and the cash value is not guaranteed. This type of life insurance is called

A$)$ univeral He insurance.

Ef whede Ble imurance.

C variable Me insurance.

D$)$ current assumption whole Ife.