The correct answer is: A. Whole life insurance.
Variable life insurance is a type of whole life insurance that allows the policyholder to invest a portion of the premium in a variety of investment options, such as stocks, bonds, and mutual funds. The performance of these investments will affect the amount of the death benefit and the cash value of the policy.
Whole life insurance is a type of permanent life insurance that provides both death benefit protection and cash value accumulation. The death benefit is guaranteed to be paid at the time of death, regardless of the amount of the cash value. The cash value can be used for a variety of purposes, such as retirement income, college savings, or a financial cushion in the event of a job loss or other financial hardship.
Money back life insurance is a type of whole life insurance that provides a guaranteed return of premium at the end of the policy term. The death benefit is also guaranteed, but it may be less than the total amount of premiums paid.
Endowment insurance is a type of whole life insurance that provides a death benefit and a maturity benefit. The death benefit is guaranteed, and the maturity benefit is paid if the policyholder survives to the end of the policy term.
Term life insurance is a type of temporary life insurance that provides a death benefit for a specified period of time, such as 10 or 20 years. The premiums for term life insurance are lower than the premiums for whole life insurance, but there is no cash value accumulation.
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