All of the following statements regarding scheduled premium variable life insurance are correct EXCEPT:
A) the policy owner has the right to change the selection of sub-accounts.
B) premiums are determined based upon age and sex of the insured.
C) once selected, the policy owner may change payment modes.
D) better than anticipated results in the separate account could lead to a reduction in annual premium.
Answer: D) better than anticipated results in the separate account could lead to a reduction in annual premium.