Dave purchased a life insurance policy. The policy is nonparticipatin

Dave purchased a life insurance policy.

The policy is nonparticipating and the cash values are based on the insurer’s present mortality, investment, and expense experience. After 2 years, the insurer will recalculate the premium based on the mortality, investment, and expense experience at that time. Dave purchased
A) current assumption whole life.
B) variable life insurance.
C) universal life insurance.
D) variable universal life insurance.

ANSWER

Answer: A