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All of the following statements concerning variable life insurance are correct EXCEPT a. If the variable universal life policy investment experience is weak, the death

All of the following statements concerning variable life insurance are correct EXCEPT

a. If the variable universal life policy investment experience is weak, the death benefit amount may be reduced to zero.

b. Variable life has a fixed premium and fluctuating death benefit and cash values.

c. Variable life policies must be regulated by the Securities and Exchange Commission (SEC).

d. The owner of a variable universal life policy has the option to invest in a variety of investments.

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