Gwen purchased an interesting life insurance policy. A minimum interes

Gwen purchased an interesting life insurance policy. A minimum interest rate is guaranteed on the cash value, but additional interest may be credited based on the investment performance of a group of common stocks.

There is also a cap on the additional interest credited to the policy. Based on this information, what type of life insurance did Gwen purchase?
A) variable life insurance
B) indexed universal life insurance
C) current assumption whole life insurance
D) variable universal life insurance

ANSWER

Answer: B