9) Bill is married, age 42 and has 2 kids under the age of 5. He recently purchased a cash-value life insurance policy with the following attributes: a. The frequency and amount of premium payments are flexible b. The insurance and savings components are separate c. The interest rate applied is tied to market conditions but has a guaranteed minimum. d. The policy can be purchased with a level death benefit or increasing death benefits. Based in the data listed above, what type of policy did Bill purchase, explain your