Question 10 of 20 Luigi Catano is interested in purchasing a life insurance policy. Because he would like more flexibility than is provided by a traditional life insurance policy, he is looking at the characteristics of variable life (VL) insurance, variable universal life (VUL) insurance, and universal life (UL) insurance. Mr. Catano would like flexible premium payments. In addition, because he generally is averse to taking on risk, Mr. Catano would like the insurer to assume the investment risk for his policy. Based on this information, the best choice for Mr. Catano would be a VL insurance policy a VUL insurance policy a UL insurance policy either a VUL insurance policy or a UL insurance policy