Which type of life insurance provides level premiums along with various investment options?

Variable life insurance is a unique type of policy that combines life insurance coverage with a savings component, which can be invested in various options such as stocks, bonds, or mutual funds. As a result, the cash value of the policy can fluctuate based on the performance of the investments chosen by the policyholder. This feature allows for the potential growth of the cash value, but it also comes with greater risk compared to other types of life insurance.

Another key aspect of variable life insurance is that it typically has level premiums, meaning that the policyholder pays a consistent premium amount throughout the life of the policy. This stability in premium payments, alongside the flexibility of investment choices, distinguishes variable life insurance from other products.

In contrast, term life insurance provides coverage solely for a set period and does not include any investment or cash value element. Whole life insurance features level premiums and guarantees a death benefit, but its cash value grows at a set rate determined by the insurance company, without the investment flexibility. Universal life insurance offers some flexibility in premium payments and death benefits but does not generally provide the same variety of investment options available in variable life insurance.

Thus, variable life insurance stands out for offering both level premiums and diverse investment opportunities, making it the correct answer