Variable life insurance and Universal life insurance are very similar. Which of these features are held exclusively by variable universal life insurance?

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Variable life insurance and Universal life insurance are very similar. Which of these features are held exclusively by variable universal life insurance?

a) Policyowner may increase or decrease the premium payments
b) Policyowner may increase or decrease the face amount
c) Policyowner can contribute large sums of money
d) Policyowner has the right to select the investment which will provide the greatest return

Answer: d) Policyowner has the right to select the investment which will provide the greatest return

WA Life Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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