Which of the following insurance policies have a savings feature? 1. Whole life policy II. Variable life policy III. Term life policy IV. Universal life policy V. Renewable term life policy O I, II, III, and IV I only O III and IV II, IV, and V II and IV QUESTION 32 Which of the following pension plans does NOT require the employer to guarantee retirement benefits nor to maintain a minimum level of pension reserves. defined benefit insured pension corporate pension uninsured pension defined contribution