Under the exchange provision, within the first 24 months, a variable life policy may be converted into a:

Under the exchange provision, within the first 24 months, a variable life policy may be converted into a:

Under the exchange provision, within the first 24 months, a variable life policy may be converted into a:



A) variable annuity.

B) mutual fund shares.

C) term insurance policy.

D) whole life policy.



Answer: D) whole life policy.


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