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Question
Variable universal life insurance policies
A. have fixed premiums and a fixed benefit payout.
B. have fixed premiums, but allow the benefit payout to vary with investment returns.
C. have a fixed benefit payout, but allow the premium to vary with investment returns.
D. allow both the premium and benefit payout to vary with investment returns.
E. allow both the premium and benefit payout to vary with investment returns, but have a fixed maturity date.
Answer
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