(Answered) Kurt purchased a policy with an initial premium of 3000 and

Finance

Kurt purchased a policy with an initial premium of $3,000 and may elect how much he desires to pay in premiums from now on. He has purchased a face value of $100,000 and can accumulate cash value. What type of life insurance has Kurt purchased?

a. universal life

b. whole life

c. modified whole life

d. term life

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