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Sandeep Parikh purchased a variable life ( VL ) insurance policy from the Homerun Insurance Company. Assuming Mr . Parikh's policy is a typical VL

Sandeep Parikh purchased a variable life (VL) insurance policy from the Homerun Insurance Company. Assuming Mr. Parikh's policy is a typical VL policy, it is correct to say that
the subaccount investments of Mr. Parikh's VL policy are part of Homerun's separate account rather than its general account
this policy provides a death benefit that remains constant throughout the life of the policy
this policy offers Mr. Parikh a guaranteed minimum cash value
Homerun alone assumes the investment risk for this policy
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