Carol avoids buying needed life insurance. To overcome Carol's reluctance, her agent refers to it as a retirement plan containing a preretirement death benefit. Which statement appropriately describes the agent's actions?

a$.$ The agent's actions were unethical since they were misleading.

b$.$ The agent's actions were not unethical since the end result achieved was ethical. $q,$ c$.$ The agent's actions were ethically neutral since he had no ethical obligation to characterize the product in any specific way.

$$ d$.$ The agent's actions were ethical since the life insurance product may provide either a death benefit or a living retirement benefit.

Gary's client wants to purchase life insurance that gives her the right to vary premiums and their payment. She also expects to need access to her policy's cash value and wants to ensure that taking a withdrawal will not significantly affect the interest credited to her policy's cash value. Which type of life insurance is likely to be most suitable for her?

a$.$ declared$-$rate universal life insurance

b$.$ increasing term life insurance

c$.$ whole life insurance

d$.$ term life insurance