Which of the following statement is incorrect?
a. the type of life insurance policy that will provide the most competitive market returns on the savings component of the policy is variable life insurance.
b. an annuity that only pays until the annuitant dies is called a straight life annuity.
c. cash value means the amount of savings accumulation on a life insurance contract.
d. most of the answers are correct.
e. one of the tax problem of life insurance is that death benefits are taxable as income (also they may be subject to estate taxes).
