Megan, age 32, is married and has a son, age 1. She recently purchased a cash-value life insurance policy that has the following characteristics: The frequency and amount of premium payments are flexible.The insurance and saving components are separate.The interest rate credited to the policy is tied to current market conditions, but the policy guarantees a minimum interest rate.The policy can be purchased with a level death benefit or an increasing death benefit.Based on these characteristics, what type of life insurance did Megan purchase? Explain your answer.