Which of the following statements about a variable universal life insurance policy is (are) true?

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Which of the following statements about a variable universal life insurance policy is (are) true?

There is a minimum guaranteed interest rate for the cash value.

The policyowner has a variety of investment options for the savings component of the policy.

A) I only

B) II only

C) both I and II

D) neither I nor II

Answer: B) II only

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