multiple choice\nvariable whole life insurance can be described as:\na. o an insurance product only\nb. o…

multiple choice\nvariable whole life insurance can be described as:\na. o an insurance product only\nb. o both an insurance and securities product\nc. o a securities product only\nd. o the insurance company assumes the investment risk

multiple choice\nvariable whole life insurance can be described as:\na. o an insurance product only\nb. o both an insurance and securities product\nc. o a securities product only\nd. o the insurance company assumes the investment risk

Answer

Brief Explanations:

Variable whole - life insurance combines elements of life insurance (providing a death benefit) and has an investment component (where the cash value can vary based on the performance of underlying investment options, similar to securities). The policyholder assumes the investment risk, not the insurance company. So it is both an insurance and securities product.

Answer:

B. both an insurance and securities product