0 3. All the following statements concerning variable universal life insurance are correct, EXCEPT: (A) (B) There are several investment options. There is no minimum guaranteed rate of interest. The policyowner may not invest in money market funds. The investment risk falls upon the policyowner. 4. Jessica is the beneficiary of her late mother's $400,000 life insurance policy. She chooses the settlement option that allows her to annuitize the death benefit and receive $30,000 per year at the beginning of every period. If the insurance company offers 5% return on the funds, how many years will these payments last? (B) 22.52 20.65 15.33 13.33 (D)