如题

问题如下：

What is variable life insurance?

选项：

A.

Whole life insurance where the policyholder chooses how funds will be invested

B.

Whole life insurance where the policyholder can vary premiums from year to year

C.

Term life insurance that can be renewed

D.

Life insurance where the policyholder can ask for an early payout in certain circumstances

解释：

A. In variable life insurance, the policyholder chooses how surplus funds are invested, and the final payout may increase if investments do well.