Which of the following would be a difference between a universal life insurance policy and a scheduled premium variable life insurance policy?
A) The universal life policy will generally outperform the variable life policy during a period of falling interest rates and rising stock prices.
B) There is a greater choice of separate account sub-accounts in the variable life policy.
C) There is a minimum guaranteed return on the universal life while there is no guaranteed return on the variable.
D) There is a minimum guaranteed death benefit in the variable life while no such minimum applies to a universal life policy.
Answer: D) There is a minimum guaranteed death benefit in the variable life while no such minimum applies to a universal life policy.