What is variable life insurance? What are the advantages and disadvantages of variable life policies? How can individuals avoid the high fees of variable life insurance?

Variable life insurance can be described as a type of insurance which is permanent and builds up a cash value. The cash value account is invested into different sub-accounts which depends on the policy.

The advantage of the variable account is that it has the potential to grow as the investments in the sub- accounts grow. But its disadvantage is that if the underlying investments drops, then the cash value also drops.

The high fees can be avoided by using a budget plan and choosing a policy according to it. A person can avoid the high fees by purchasing lower-cost term insurance and investing the cost difference.

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the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.